S&Ps correction moves closer to key test area
New month highs for the broad index The S&P index moved to new day and month high at 2613.08. It traded at the highest level since December 14 (a month… Read more »
Tag: area
Cryptocurrency Still a Gray Area in Malaysia After Government Deems It 'Neither Legal nor Illegal' – Bitcoin News
News Malaysia’s government still hasn’t made up its mind on what to do with cryptocurrencies. The country’s finance minister last year warned companies not to issue new tokens, while waiting… Read more »
Bitcoin Price Analysis Jan.11: BTC Tests a Critical Support Area
Following the negative sentiment which started yesterday, we’ve seen Bitcoin continue down to re-test the critical support at $3600. As we mentioned, the sharp decline could be anticipated, by looking… Read more »
The GBPUSD tests a swing area on the downside and bounces
1.2706-16 a bias level for the pair The GBPUSD is lower today, falling to a new low for the day in the last hour or so. That low did enter… Read more »
The NZDUSD is the biggest mover today, but is approaching a key technical area
100 and 200 hour MA and swing highs from Friday loom below The NZDUSD is the weakest currency pair today. The pair fell about -0.58% on the day and trades… Read more »
EURUSD extends into a swing area as the dollar continues the run higher.
Dollar buying picks up some steam ahead of Powell The EURUSD has extended its move lower and in the process has moved into the swing target area in the 1.1336-498… Read more »
Elliott Wave Analysis: Palladium’s Target Area Reaction
Welcome traders, today we will look at a couple of Palladium futures (PA #F) charts. The metal reached one of our blue target areas and react perfectly to our expectations. This… Read more »
The USDJPY tests a low floor area from the week.
Trend line and 100 hour MA are topside stall points The USDJPY stalled a topside trend line at the end of yesterday. That trend line comes in at 110.83. Just… Read more »
Calling The Bounce From Inflection Area
In this blog, I want to share some short-term Elliott Wave charts of AUDCAD which we presented to our members in the past. Below, you see the 1-hour updated chart presented to our… Read more »
EURUSD dips below 100 hour MA/1.1400 area
Trades between 100 and 200 hour MA below. The EURUSD moved to a new session low with general dollar buying on Williams comments. The move lower has taken the price… Read more »