Main scenario: consider short positions from corrections below the level of 1.1005 with a target of 1.0710 – 1.0615 once a correction is completed. Alternative scenario: breakout and consolidation above the level of 1.1005 will allow the pair to continue rising to the levels of 1.1141 – 1.1274. Analysis: a bearish wave of larger degree […]
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USDCHF: Elliott wave analysis and forecast for 02.02.24 – 09.02.24
Main scenario: consider short positions from corrections below the level of 0.8726 with a target of 0.8200 – 0.8050. Alternative scenario: breakout and consolidation above the level of 0.8726 will allow the pair to continue rising to the levels of 0.8784 – 0.8890. Analysis: the downside fifth wave of larger degree (5) is presumably unfolding [&hel
USDCAD: Elliott wave analysis and forecast for 02.02.24 – 09.02.24
Main scenario: consider long positions above the level of 1.3262 with a target of 1.3622 – 1.3730 once a correction is formed. Alternative scenario: breakout and consolidation below the level of 1.3262 will allow the pair to continue declining to the levels of 1.2977 – 1.2753. Analysis: the bullish first wave of larger degree (1) […]
Free Scalping MT4 Indicator
<p>In the fast-paced world of financial markets, traders are always on the lookout for tools that can provide them with a competitive edge. One such tool that has gained significant popularity is the Free Scalping MT4 Indicator. In this article, we will delve into the world of scalping, explore the need for indicators, and guide […]
Pivot Alert MT4 Indicator
<p>In the dynamic world of financial markets, traders are constantly seeking tools to gain an edge in their decision-making process. One such powerful tool is the Pivot Alert MT4 Indicator. In this article, we’ll delve into the intricacies of pivot points, explore the role of indicators in trading, and specifically focus on the feat
Short-term analysis for oil, gold, and EURUSD for 02.02.2024
I welcome my fellow traders! I have made a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders. Yesterday, gold reached the key resistance of the short-term downtrend. Oil price forecast for today: USCrud
Dividends saved Euro. Forecast as of 02.02.2024
Positive corporate reporting has been a stronger driver for the EURUSD than the Fed's reluctance to cut the rates in March. However, the future trend of the pair will depend on the US jobs report. Let us discuss the Forex outlook and make up a trading plan. Fundamental US dollar forecast today What is more […]
Singapore Purchasing Managers Index: 50.7 (January) vs 50.5
Singapore Purchasing Managers Index: 50.7 (January) vs 50.5