The Elliott wave count on the 4-hour EUR/USD chart has become more complex. On the higher timeframe (lower chart), the downward trend segment has taken the form of a five-wave structure, A-B-C-D-E, which could be completed at any time, as it appears structurally complete. All the waves in this segment are approximately the same size, […]
EUR/USD Analysis – October 13: A Quiet Tuesday Read More »
The USDCHF has been trading in a range of only about 50 pips since midday Monday. What does that tell me? The market is non-trending. Buyers and sellers are battling, but neither side is taking control. Moves higher find sellers. Moves lower find buyers. The price goes back and forth. The 100- and 200-hour moving
USDCHF is stuck in 50 pip trading range since midday Monday. What does that say to you? Read More »
Crude oil is trading around $89.84, pulling back after reaching the upper band of the downtrend channel that has been forming since September 23. Technically, the instrument is consolidating around the 200 EMA and the 21 SMA, which suggests it may resume its uptrend in the coming days. Crude oil has a key support level
Blockchain is generally associated with security, as transactions are cryptographically protected and recorded across a distributed network. However, blockchain technology doesn’t make every application or network automatically secure. Blockchain systems still remain exposed to certain attacks like poorly configured nodes, compromised private keys, malicious insiders, insecure APIs, and much more. This is where blockchain security
Blockchain Security Architecture & Threat Modeling Read More »
Brent crude pulled back from a spike above $105 on the day Trump said the US will not attack Iran before the 3 November midterms, but USD/CAD barely registered it. The pair ended yesterday at 1.4226 and was at 1.4224 at 09:39 BST today. Hormuz traffic fell after last week’s record run of tanker attacks,
USD/CAD barely moved as Brent eased from Hormuz-driven spike Read More »
There are plenty of ways to track the latest concerns around France and Europe, and we’ve already talked about some this week: Macro pulse: France-Germany yield spread breakout puts euro area contagion risk in focus Connecting the dots: How France’s budget problems are turning into the euro’s problem In adding to that, I think EUR/CHF is
Chart of the day: EUR/CHF is becoming a pressure gauge for Europe’s fiscal risks Read More »