USDX Elliott Wave: Forecasting the Decline from Equal Legs Area

On Friday, the price of gold reached an unprecedented peak, soaring above 2,230 USD. The global capital market experienced low activity due to the observance of Good Friday in many Catholic countries, leading to abrupt movements by investors. The surge in gold prices is primarily attributed to anticipations that global financial regulators will lower lending […]

EUR/USD started another decline and traded below 1.0700. USD/JPY surged and broke the 154.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0695 support zone. There was a break above a key bearish trend line with resistance at 1.0630 on the hourly chart of EUR/USD […]

Markets Monday’s uptick in yields already got wiped out yesterday. Culprit this time: US JOLTS. October job openings fell from a downwardly revised 9350k to 8733k vs the 9300k expected. It’s still a historically high number but it suggests the labour market is further normalizing. In current circumstances this is all the evidence (for a […]