The market expects the BoC to start monetary expansion later than the Fed. And a smaller scale of monetary easing. How does this affect USDCAD? Let us discuss this topic and make up a trading plan. Weekly Canadian dollar fundamental forecast The economy is weak and oil is controlled by the bears. The ideal environment for CAD sales. […]
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USDJPY: Elliott wave analysis and forecast for 12.01.24 – 19.01.24
Main scenario: consider short positions below the level of 147.70 with a target of 136.50 – 127.32 once a correction is completed. Alternative scenario: breakout and consolidation above the level of 147.70 will allow the pair to continue rising to the levels of 149.19 – 151.77. Analysis: an ascending wave of larger degree C continues […]
GBPUSD: Elliott wave analysis and forecast for 12.01.24 – 19.01.24
Main scenario: consider long positions from corrections above the level of 1.2610 with a target of 1.3000 – 1.3147. Alternative scenario: breakout and consolidation below the level of 1.2610 will allow the pair to continue declining to the levels of 1.2490 – 1.2300. Analysis: the first wave of larger degree (1) is presumably formed on […]
EURUSD: Elliott wave analysis and forecast for 12.01.24 – 19.01.24
Main scenario: consider short positions from corrections below the level of 1.1018 with a target of 1.0794 – 1.0710. Alternative scenario: breakout and consolidation above the level of 1.1018 will allow the pair to continue rising to the levels of 1.1141 – 1.1274. Analysis: a bearish wave of larger degree A is presumably completed on […]
USDCHF: Elliott wave analysis and forecast for 12.01.24 – 19.01.24
Main scenario: consider long positions from corrections above the level of 0.8332 with a target of 0.8784 – 0.8890. Alternative scenario: breakout and consolidation below the level of 0.8332 will allow the pair to continue declining to the levels of 0.8200 – 0.8050. Analysis: the downside fifth wave of larger degree (5) is presumably unfolding [&h
USDCAD: Elliott wave analysis and forecast for 12.01.24 – 19.01.24
Main scenario: consider short positions below the level of 1.3622 with a target of 1.2977 – 1.2753 once a correction is completed. Alternative scenario: breakout and consolidation above the level of 1.3622 will allow the pair to continue rising to the levels of 1.3853 – 1.4000. Analysis: the bullish first wave of larger degree (1) […]
Dollar made a wrong choice. Forecast as of 12.01.2024
US jobs and inflation reports confirmed the strength of the US economy, which, in theory, should allow the Fed to keep rates at 5.5% for a long time. However, EURUSD remained stable in both cases. Why hasn’t the trend turned down? Let us discuss the Forex outlook and make up a trading plan. Weekly US […]
Short-term forecast for BTCUSD, XRPUSD and ETHUSD 12.01.2024
I welcome my readers! I have prepared a short-term cryptocurrency forecast based on the Elliott wave analysis of Bitcoin, Ripple, and Ethereum. I offer entry signals to trade each cryptocurrency. Elliott wave Bitcoin analysis The BTCUSD market is forming the final part of the linking wave X, with the impulse [C] developing inside. Impulse [C] [&hel
Short-term analysis for oil, gold, and EURUSD for 12.01.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. The euro is approaching resistance (B) 1.1015 – 1.1002. Oil price forecast for today: USCrude analysis
Trading Boeing Vs Airbus: Rivalry In The Air
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