Franc May Face Gloomy Future. Forecast as of 08.07.2024
Decreasing political risks in Europe and growing interest in French assets deprive the franc of important growth drivers. Together with the SNB’s reluctance to intervene in the Forex market, these…
Short-term Analysis for Oil, Gold, and EURUSD for 08.07.2024
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…
Short-term analysis for BTCUSD, XRPUSD, and ETHUSD for 08.07.2024
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: Key takeaways BTCUSD: Downward movement in…
Euro Closes Gap. Forecast as of 08.07.2024
The New Popular Front and Renaissance managed to keep the right-wing out of power, and Macron’s party looked better than in the first round. The EURUSD pair faced a roller…
XAU/USD: Elliott wave analysis and forecast for 05.07.24 – 12.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions from a correction above the level of 2293.93 with a target of 2500.00 – 2560.00. A buy…
WTI Crude Oil: Elliott wave analysis and forecast for 05.07.24 – 12.07.24
The article covers the following subjects: Key takeaways Main scenario: Consider short positions below the level of 87.75 with a target of 67.60 – 57.00 once a correction is completed.…
USD/JPY: Elliott wave analysis and forecast for 05.07.24 – 12.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions from a correction above the level of 154.51 with a target of 165.00 – 170.00. A buy…
GBP/USD: Elliott wave analysis and forecast for 05.07.24 – 12.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions from a correction above the level of 1.2610 with a target of 1.3145 – 1.3740. A buy…
EUR/USD: Elliott wave analysis and forecast for 05.07.24 – 12.07.24
The article covers the following subjects: Key takeaways Main scenario: consider long positions from a correction above the level of 1.0665 with a target of 1.0977 – 1.1141. A buy…
When will gold strike? Forecast as of 05.07.2024
The precious metal withstood a strong US dollar and growing Treasury yields. What will happen when a headwind changes to a tailwind? Let’s discuss it and make a trading plan.…
