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The current EURUSD structure hints to a zigzag consisting of waves Ⓐ-Ⓑ-Ⓒ. The primary wave Ⓑ of the bearish pattern is a zigzag. Wave Ⓑ of (B) seems to have taken a triple zigzag W-X-Y-X-Z formation. The bullish price action suggests…
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In last week's article, we covered the basics of using the Donchian channel and a rather simple strategy in determining and trading breakouts with the indicator. In this week's article, we make use of the Donchian channel indicator and…
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The current oil formation hints at a bullish impulse V of a cycle degree. This impulse consists of primary sub-waves ①-②-③-④-⑤. In the medium term, we expect continued growth in primary wave ③. Following a slight decline in correction…
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Crude Stocks Soar Following two days of declines, oil prices shot higher midweek. The latest report from the Energy Information Administration showed a mammoth build in US crude stockpiles. The EIA reported that in the week ending…
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XAGUSD has seen a progressive double top in the last 6 months of trading, with another test looking likely. The recent headlines surrounding the metal led prices to another attempt at the high $29 level. Since the latest pullback, bulls…
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Warren Buffett is probably the most well-known equity investor in the world today. And it's not just because he has managed to amass a significant amount of wealth. Buffett's unique investment style has gotten a lot of attention. In…
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The consensus of expectations is that July will show that inflation has peaked, by coming in a little bit lower than in June. The rate is still quite high, but the Fed projects rates will return to normal by the end of the year. For that…
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The FOMC meeting minutes come out this week on Wednesday. The minutes cover the Fed monetary policy meeting from late December. The central bank hiked interest rates by a quarter point bringing the Fed funds rates from 2.25% to 2.50%.…
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Most people, even without a background in economics or finance know that inflation means that the value of a currency is going down. Broadly speaking, this is translatable in some sense to the currency markets. If one currency has higher…
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The DXY index is currently building a cycle trend in the form of a bearish 5-wave impulse. The first three parts of this impulse have ended, whereas the corrective leg IV is still under construction. Judging by the structure, it is a…
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Last week’s highlights RBA surprises with more QE The Reserve Bank of Australia held its monetary policy meeting last week. In a surprise to the markets, the central ramped up its QE purchases. Following the announcement, the Australian…
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