technical analysis

The current EURUSD structure hints to a bullish intervening wave x of a cycle degree consisting of primary sub-waves Ⓐ-Ⓑ and Ⓒ. Sub-waves Ⓐ and Ⓑ are fully completed, whereas wave Ⓒ is under development. The latter’s formation… Read More

Crude oil prices were knocked sharply lower this week in response to the latest report from the Energy Information Administration. The EIA showed that in the week ending December 6th, US crude stores rose by 800k barrels. This was in… Read More

The Federal Reserve bank concluded its two-day monetary policy meeting on Wednesday. As widely expected, rates were left at the current levels. The central bank, in its forecasts, indicated that rates will remain at these levels. The… Read More

The current structure on the US Index suggests that the asset class could be on a bullish triple zigzag pattern. The medium-term pattern consists of cycle degree sub-waves w-x-y-x and z. Intervening wave x, which at the time of writing… Read More