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Markets With national German (and Italian) inflation data, an appearance of ECB present Christine Lagarde before the EU Parliament and Fed Chair Powell speaking before the National Association of Business Economics conference (Nashville), investors today already receive quite some interesting input to challenge their positioning regarding the outcome of the next ECB (Oct 17, unchanged […]

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16/04/2024

EURUSD Wave Analysis

EURUSD broke support level 1.0730 Likely to fall to support level 1.0570 EURUSD currency pair fall after the earlier breakout of the key support level 1.0730 (which has been reversing the price from December) intersecting with the 61.8% Fibonacci correction of the ABC correction (2) from October. The breakout of the support level 1.0730 accelerated […]
31/07/2024

Market Analysis: AUD/USD Remains At Risk While NZD/USD Attempts Recovery

AUD/USD declined heavily from well above 0.6650. NZD/USD also tumbled and is now attempting a recovery from 0.5850. Important Takeaways for AUD USD and NZD USD Analysis Today The Aussie Dollar started a major decline below the 0.6610 level against the US Dollar. There is a connecting bearish trend line forming with resistance near 0.6530 […]
04/12/2023

Dow Jones index Wave Analysis

Dow Jones broke multi-month resistance level 35735.00 Likely to rise to resistance level 37000.00 Dow Jones index under the bullish pressure after the earlier breakout of the multi-month resistance level 35735.00, which stopped the previous impulse wave (A) at the end of July. The breakout of the resistance level 35735.00 accelerated both of the active […]