Blogs

Who needs a strong dollar?

Forex

Both the USA and other countries want to weaken the greenback  If you're drowning, you're on your own. The Fed’s measures, taken to save the US economy form the crises of liquidity, solvency, and recession, are striking in their scale. Unlimited repo operations and QE, interest rate cut from 1.75% to 0.25%, currency swaps with […]

Analysis for oil, gold, and EUR/USD for 25.03.2020

Forex

USCrude – oil Oil is now trading above the middle-term support [23.41 – 22.95]. Besides, there is a buy pattern “1-2-3”. There is the target above that hasn’t been reached, Target Zone 2 [29.80 – 29.34]. Today, I recommend holding purchases entered according to the pattern and look for new buy entries. In the shorter […]

NeoWave. Part 3. Retracement Rule 1.

Forex

NeoWave theory by Glenn Neely. Retracement rules. The first rule of wave proportions Dear friends, Elliott Wave Principle will always be relevant as a tool for technical analysis in trading. Mastering Elliott waves is an important step in developing trading skills. Today, I will continue covering the most modern interpretation of the Elliott wave t

Gold remembered the past

Forex

During global financial crises, gold moves inadequately but expectedly Gold reached the target at $1700 per ounce indicated in the previous analysis. The most interesting, however, started later. Gold rates at first didn’t respond to the federal funds rate cut by 100 basis points and dropped to the lowest level since November. Next, after the Fed’s

Dollar drowns in the sea of liquidity

Forex

Fed again surprises markets  It's one step from love to hatred. From hatred to love, the distance is about the same. The launched its unprecedentedly great quantitative easing, and Donald Trump abruptly changed hi attitude to Jerome Powell. After criticizing the Fed’s chair for being an enemy to the state and acting too slow, Trump […]

Weekly Elliott wave cryptocurrency forecast and analysis

Forex

Forecast for BTCUSD, LTCUSD, ETHUSD, EOSUSD, XRPUSD pairs Elliott wave analysis for BTCUSD In the BTCUSD timeframe, there has completed the third element of the large up impulse wave, impulse 3. After that, the market continued moving down in the corrective wave 4. This correction is likely to complete as a double zigzag [W]-[X]-[Y]. At […]

Aussie meets QE

Forex

The Reserve Bank of Australia starts QE for the first time in history  I suggested at the end of February that the Aussie should be falling faster after the AUD/USD bears broke out the support at 0.657-0.6575, but I didn’t think it would be so fast. Aussie is down versus the US dollar to the lowest levels since 2002, having […]

Analysis for oil, gold, and EUR/USD for 23.03.2020

Forex

USCrude – oil  Oil sellers try to resume the middle-term downtrend. The market has opened with a gap today, though it is not wide. Sellers tried to break through Target Zone [23.41- 22.95]. But the price is now rolling back to the support. If the price goes back to the support [23.41- 22.95], I recommend […]

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