Weak Short Term Reversal Today
The USD/PKR has seen some selling emerge early this morning as the currency pair tests short term support. After battling higher resistance the past week of trading, the USD/PKR has… Read more »
Tag: Term
$SMH Semiconductors Long Term Cycles & Elliott Wave
$SMH Semiconductors Long Term Cycles & Elliott Wave Firstly as seen on the monthly chart shown below. There is data back to May 2000 in the ETF fund. Data suggests the… Read more »
Outlook for EUR/USD Negative Longer Term
Fundamental Euro Forecast: Bearish The European Council President is expected to propose a more modest EU budget this week. The Council is hoping EU leaders will agree to it at… Read more »
Nasdaq Short Term Upside Target
Nasdaq (NQ_F) has broken above June 23 high suggesting that the next leg higher has started. Cycle from 6.24 high ended in wave IV as zig-zag Elliott Wave Structure. Wave… Read more »
$FXE Elliott Wave and Longer Term Cycles
$FXE Elliott Wave and Longer Term Cycles Firstly as seen on the weekly chart shown below the instrument made a high in April 2008. There is data back to December… Read more »
$FXB Longer Term Bearish Cycles & Elliott Wave
$FXB Longer Term Bearish Cycles & Elliott Wave Firstly the British Pound Sterling tracking ETF fund FXB inception date was 6/21/2006. The bearish cycle lower from the November 2007 highs in FXB… Read more »
11.4 M Bitcoin Held As Long Term Investment
According to Chainalysis, the vast majority of Bitcoin (BTC) is held as long term investment, with 60% held by licensed custodians. Breakdown of Bitcoin supply. Source: Chainalysis. Digital gold The… Read more »
Argentine Peso Short Term Trend Still Looks Grim
The USD/ARS continues to be a forex pair with a seemingly one-way direction. The Argentine Peso is a dangerous currency to trade because it faces the tumult of political, financial, and… Read more »
Bitcoin shows short term impulse up
Bitcoin (BTC/USD) is currently correcting the cycle from 3.13.2020 low. The instrument has just ended cycle from 6.1.2020 high (10429) as a double three structure. Down from 6.1.2020 high, wave… Read more »
Vulnerable Short Term Risks Growing for IDR
The IDR has provided traders with opportunities to take advantage of its stronger trend the past few months. The short term however may provide a chance to pursue a reversal…. Read more »