The Federal Reserve announced yesterday it is keeping the interest rate unchanged, a move that was largely anticipated. However, 2017 is still expected to see another rate hike with three more coming in 2018. Following the news, the dollar strengthened…

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Ever since it fell to as low as 1.2774 on August 24th, GBPUSD has been steadily rising. Today, the pair climbed as high as 1.3353 after it became clear that the Bank of England was getting ready for a rate…

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It has been a rough 2017 for USDCNH bulls so far. The pair has been in an uptrend since January, 2014, but it feels as if it was simply waiting for the calendar to change. The dollar climbed to as…

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GBPUSD bulls managed to take a breath after the pair recovered from as low as 1.2774 to almost 1.3000. Unfortunately, there is no way to know what this means without taking a look at the big picture and see where…

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You do not need to be Sherlock Holmes to find a good enough explanation for the recent surge in the price of gold. On one hand, there is North Korea, whose hostile behavior and multiple missile launches show just how…

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The price of gold surged to $1296 yesterday, which is its highest level so far in 2017. Mainstream media says political tensions following the United States’ withdrawal from the Paris Climate Accord and Qatar’s isolation in the Middle East are…

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The price of silver bottomed at 15.62 in the last month of 2016 and has been in an uptrend ever since. The precious metal is currently trading at $18.33, after recovering from its mid-March swing low. On the other hand,…

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There is a pattern to be found in gold’s seemingly random walk In the middle of last month, the price of gold was hovering around $1230 for a while. Then, on February 15th, it made a bottom at $1216.60 and…

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If you were bullish on the price of crude oil, last week was nothing short of wonderful for you. The commodity opened the weekly trading session at $47.57 and after a small dip to the round number of $47, it…

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As if Harvey was not enough, the United States now braces for Irma, which in turn is expected to be followed by Jose and Katia. Irma is considered to be the strongest hurricane ever to hit the shores of the…

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It has been a good week for bullish crude oil traders so far, who saw the price of WTI move from $45.63 on Monday to as high as $48.40 as of this writing on Wednesday. According to MarketWatch, the rally…

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In our previous article you saw that a bearish reversal in the price trend of crude oil could be predicted, even when OPEC extends its production cuts agreement, which should normally be a bullish factor. It has been roughly 20…

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It was September 1st, when the price of Bitcoin was hovering around the $5000 mark. Today is September 15th and the markets once again proved that for the cryptocurrency, two weeks is a very long time. BTCUSD just fell to…

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On September 1st the price of Ethereum climbed to $395, making the impression the second largest cryptocurrency was going to reach a new all-time high very soon. Unfortunately for the bulls, ETHUSD reversed to the south for a 35% plunge…

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It has been a little over a month since BTCUSD fell to $1830 on July 16th. Just as panic was starting to settle in, the bulls returned with fury. A few days ago, the biggest cryptocurrency hit a new all-time…

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It has been twelve strange days since our last update, titled “Bitcoin Traders Running for the Hills Already?” Strange, because of what happened to the price of the cryptocurrency during that time. But let’s take a look at the Elliott…

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2017 marks the first time the United States is hit by two back to back Category 4 storms. Depending on who you ask, Harvey and Irma are estimated to have caused between $30 and $90 billion in combined damage. Chuck…

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We already shared with you our long-term and mid-term outlook of the German DAX 30 index, we decided it was time to take a look at the short-term, as well. The blue chip average recently pulled back from its all-time…

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We wrote about the Nasdaq Composite on March 8th. While the index was trading near 5830 its weekly chart suggested the bulls should be able to lift the price to around 6500. Last week, 6461 was reached, so it is…

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Two months ago we published “DAX 30: Time to be Careful Now” to tell investors, who by definition are long-term oriented, that the German benchmark index is approaching the end of the post-2009 uptrend and might soon reverse for a…

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Johnson & Johnson is a global medical, pharmaceutical and consumer goods manufacturer, founded in 1886. The company’s stock, listed on the New York Stock Exchange under the symbol JNJ, is a component in the S&P 500 as well as in…

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Eight month ago, we stumbled upon the daily chart of Oil States stock and immediately recognized a dangerous situation. A few days before New Year, while OIS was trading close to $40 a share, the Elliott Wave Principle warned us…

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It has been a rough week for Advance Auto Parts shareholders. The stock closed at $109.32 on Monday, only to crash to as low as $82.21 on Tuesday for its biggest one-day drop ever, after the company announced weak results…

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In May 2016, Apple stock fell slightly below the $90 mark. Yesterday, August 15th, 2017, shares climbed as high as $162.20 for a total gain of 81.2% in just 15 months. One of Apple’s largest shareholders, Warren Buffett’s Berkshire Hathaway,…

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“Fears are growing in Germany of a far-Right resurgence stoked by the refugee crisis, after nearly 20,000 took to the streets of Dresden in the biggest rally by the Pegida anti-immigrant movement for months.” – The Telegraph One of the…

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In 1940s, Edward R. Dewey hypothesized, that the tallest buildings are usually completed after significant market peaks. Now, 74 years later, this hypothesis is a good addition to the socionomic theory. The new science of Socionomics, founded by Robert Prechter…

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Have you been watching the news recently? If yes, then you have probably heard about the riots in Ferguson and the US airstrikes against the extremist Islamic State in Iraq and Syria (ISIS). But what do these two conflict zones have…

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The Arab Spring is a wave of revolutions, demonstrations and civil conflicts, which struck mainly Tunisia, Egypt, Libya, Yemen and Syria during 2010 – 2013. Mostly, people were angry with decades of dictatorship and the violation of basic human rights.…

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