USDCHF: Elliott wave analysis and forecast for 28.06.24 – 05.07.24
Main scenario: after correction, consider short positions below the level of 0.9222 with a target of 0.8730 – 0.8325. Alternative scenario: breakout and consolidation above the level of 0.9222 will…
Oil up ahead of US inflation data, set for third weekly gain
By Arunima Kumar BENGALURU (Reuters) -Oil prices rose on Friday and were on course for a third straight weekly jump buoyed by growing expectations that the U.S. Federal Reserve will…
USDCAD: Elliott wave analysis and forecast for 28.06.24 – 05.07.24
Main scenario: consider long positions from corrections above the level of 1.3606 with a target of 1.4000 – 1.4200. Alternative scenario: breakout and consolidation below the level of 1.3606 will…
Dollar strengthens ahead of PCE data; euro weighed by political uncertainty
Investing.com – The U.S. dollar edged higher in early European trade Friday, on course for its second straight quarterly gain, the euro slipped and the Japanese yen remained on intervention…
Short-term Analysis for Oil, Gold, and EURUSD for 28.06.2024
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…
Saudi Arabia may cut oil prices for Asia for second month in August
By Florence Tan SINGAPORE (Reuters) – Top oil exporter Saudi Arabia may cut prices for crude grades it sells to Asia for a second month in August, tracking weakness in…
US Dollar Bullish after First Debate Standoff. Forecast as of 28.06.2024
The first presidential debate in the US destroyed the euro’s potential rally. The risks of Donald Trump returning to power were higher than the deterioration of the US economy and…
Japan names new FX diplomat as yen hits 38-year low
By Makiko Yamazaki and Satoshi Sugiyama TOKYO (Reuters) -Japan appointed a new top foreign exchange diplomat on Friday as the yen plumbed a 38-year low against the dollar, heightening expectations…
Oil rises on rate cut hopes, higher margins; poised for third weekly gain
By Trixie Yap (Reuters) -Oil prices rose in Asian trade on Friday and were poised for a third straight weekly jump, buoyed by growing expectations that the U.S. central bank…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 28.06.2024
Dear readers, I’ve prepared a short-term forecast for Bitcoin, Ripple, and Ethereum based on the Elliott wave analysis. The article covers the following subjects: Elliott Wave analysis for Bitcoin The…
