Tag: TRADING

The US dollar keeps strengthening against the Canadian despite debt ceiling jitters and rising crude oil prices. How far is this rally going? Read...

USDJPY is up a again this week, bringing its total gain in 2023 so far to over 750 pips. Can the debt ceiling deadline...

We’ve already shown readers how Elliott Wave analysis helped us predict the sharp recovery in PNC Financial back in June, 2020. By April, 2021,...

USDJPY rose to a new 2023 high as mixed signals from the Fed made forex traders wonder if a rate hike pause is really...

Crude oil gained almost $2 a barrel last week, but it was hardly enough to cheer the bulls, who have been beaten and bruised...

Gold disappointed again last week as investors' appetite for risky assets such as stocks increased and caused an outflow from safe haven assets. Can...

USDCAD was down by over 150 pips at one point last week, but managed to recoup most of its losses and close on a...

EURUSD fell for the second week in a row, breaking through several intraday support levels. Where are the bears ultimately headed? Read in our...

Headquartered in Minneapolis, Minnesota, Graco Inc. develops and manufactures fluid-handling systems and products for industrial uses. The company was founded in 1926 and has been public...

Gold is falling despite recession worries and a widely anticipated pause in the Fed's rate hiking campaign. Is there a support in sight? See...

Despite wide expectations for a pause in the Fed's tightening campaign, USDJPY is up this week as the BOJ sticks to its ultra-loose policy....

In today's Elliott Wave update of WTI crude oil, we examine the commodity's 1h chart for clues about its short-term direction. A clear pattern...

After Elliott Wave analysis prepared us for the current drop in EURUSD, it is now giving a hint of where are the bears ultimately...

In today's Elliott Wave update we examine how this week's initial drop in USDCAD changes its short-term outlook, if at all.

Elliott Wave Update of USDCAD – May 17th, 2023

EW Pro Forex 17 May 23

In today's Elliott Wave update we examine how this week's initial drop in USDCAD changes its short-term outlook, if...

Leading defense contractor Lockheed Martin has been a great long-term investment for well over a decade now. The stock is up 687% from its...

The price of WTI crude oil fell for the fourth straight week as recession fears kept intensifying despite the expected Fed rate hike pause....

Less than eight months ago, in September, 2022, Alphabet dropped below the $100 a share mark. The stock was already down by a third...

USDJPY rose slightly last week, helped by decelerating April inflation and despite expectations for a pause in the Fed's rate hike cycle. Can the...

The price of gold dipped slightly last week despite CPI data showing that US inflation decelerated in April. Can the yellow metal still reach...

EURUSD plunged sharply last week after April's inflation deceleration suggested the Fed is likely to abstain from another rate hike. How much further can...

USDCAD surged sharply last week, helped by the weakness in the price of crude oil. How much further can the pair climb before the...

The enthusiasm stemming from the abrupt end of China’s zero-Covid policy lasted for just over three months. Despite the tangible signs of economic improvement,...

In today's Elliott Wave update of EURUSD we examine the pair's entire rally from 0.9536 and identify the key level traders must pay attention...

USDJPY is slightly up for the week in anticipation of today's US inflation report for the month of April. In today's Elliott Wave update...

USDCAD is hardly changed so far this week as forex traders brace for more inflation data to shed light on the Fed's intentions going...

The price of gold is timidly rising ahead of today's CPI report for the month of April. Can the rally continue and how high...

Crude oil is attempting to stage a recovery after last week's sharp plunge. Currently near $73 a barrel, a very clear pattern has emerged...

CADJPY is yet another example of a currency pair producing impressive long-term gains. The rate surged from a pandemic low of 73.81 in March,...

So far, 2023 has been very generous to crypto investors, who’ve been beaten and bruised throughout the entire 2022. Bitcoin, still the biggest cryptocurrency...

WTI crude oil plunged sharply last week after weak demand data and recession worries outweighed the effects of the OPEC+ production cuts. In today's...