The 4-hour wave structure for EUR/USD has become more complex. On the higher timeframe (lower chart), the downward section of the trend has taken the form of a five-wave structure, A-B-C-D-E, which could be completed at any time, as it appears to be fully developed. All the waves in this section are approximately equal in […]
EUR/USD Analysis – November 2: Market Uncertainty Ahead of the US Elections Read More »
Artificial intelligence is not just a high-end technology trend that executives speculate about in boardroom meetings anymore. As a matter of fact, every senior manager, business leader and C-suite executive must have a lot of emails in their inbox asking them to learn AI. This is probably the reason why the demand of AI certification
AI Certification for Business Leaders: What Should You Actually Learn? Read More »
The USDCHF is trading near session lows after breaking below its 100-hour moving average at 0.82758. That break gave sellers the technical go-ahead to push lower, with the decline extending to 0.8257, right at the 200-hour moving average. The price has since edged back to around 0.8262, leaving traders with a clearly defined battle between
USDCHF tests key support as sellers challenge the 200-hour moving average Read More »
EUR/USD resumed its decline even before the ECB and Fed meetings, before the inflation releases from Germany and the United States, and before the GDP reports from Germany, the European Union, and the United States. It is worth recalling that the previous bearish advance lasted a full 25 trading days, during which the euro lost
EUR/USD – Smart Money Analysis: The Fed and the ECB Leave the Euro Under Pressure Read More »
The Houthis said yesterday they hit Saudi Arabia’s biggest refinery with a missile, and Saudi authorities did not immediately confirm any damage. The plant has a capacity of 550,000 barrels a day. Brent traded at $115.24 at 08:58 GMT, up $1.36 or 1.2 per cent from yesterday’s close, while WTI stood at $101.52, up $1.62
Houthi refinery claim lifts oil Read More »
The NZDUSD has moved higher on four of five trading days this week, giving buyers something to build on after a sharp decline from the August high. The recovery has included a failed break below the rising 100-hour moving average and two successful tests of that moving average today. Those are encouraging developments for the
NZDUSD buyers are trying to make a play. The 38.2% retracement remains the next hurdle. Read More »