The wave count on the four-hour chart for EUR/USD is becoming more complex. There is still no question of canceling the bullish phase of the trend (bottom chart), which began in January of last year. On the contrary, we have seen a complete A-B-C corrective structure, which may have been completed. However, recent events related […]

EUR/USD has continued to decline for ten consecutive days. During this period, the European currency has lost 230 points. The decline in the European currency began the week before last as the market prepared for an FOMC rate hike. Since then, the market has continued to buy the dollar based on the Fed’s hawkish stance

The US dollar is moving higher against the major currencies as Treasury yields rise. The fundamental story starts with the Fed: traders are increasingly considering the possibility that last week’s rate hike will not be the last. Today’s flash S&P Global US composite PMI jumped to 58.4 from 56.0 in August, its highest reading since

The daily chart for Bitcoin (#Bitcoin, Daily) reveals clear dominance by buying pressure. The price is moving along an upward trajectory, governed by a structured technical framework defined by monthly pivot levels and the angles of intersecting price channels. First: Deconstructing the Chart’s Technical Structure Price Behavior and Current Range: The price is trading steadily

Gold is locked in a classic technical battle as buyers and sellers test key levels defined by short-term and daily moving averages, retracement levels, and prior swing points. Looking at recent price action, gold continued the rally that began at Wednesday’s weekly low. That move bottomed near the 61.8% retracement of the advance from the