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Prices continue to race higher after rebounding from rising channel support set from mid-March, taking out the 38.2% Fibonacci retracement at 102.92. Buyers now aim to challenge the 50% level at 104.14, with a break above that exposing the 61.8% Fib at 105.36. Alternatively, a move back below 102...
Prices are mounting a corrective recovery after turning downward as expected. A break above the 23.6% Fibonacci retracement at 1320.34 on a daily closing basis initially exposes the 14.6% level at 1329.78. Alternatively, a move below the 38.2% level at 1305...
A North Texas city council on Wednesday refused to enact a ban on hydraulic fracturing in the city after holding an eight-hour public hearing. The Denton City Council voted 5-2 against the proposal, sending it to the November ballot that now leaves its fate on voters...
Prices rebounded as expected after putting in a Bullish Engulfing candle pattern at support set from October 2013. A daily close above the 50% Fibonacci retracement at 10452, initially exposes the 61.8% level at 10743. Alternatively, reversal below the 38...
Artificial neural networks are sophisticated computer systems that mimic the working of the human brain...
Prices moved lower as expected after putting in a bearish Evening Star candlestick pattern at the top of a rising channel set from mid-April. Sellers are testing support in the 1954.20, marked by a rising channel bottom set from early April...
Risk-off is the dominating mode right now with the launching of Israeli ground offence in Gaza along with the MH-17 tragedy...
Commodities are all mixed. The downing of a Malaysian passenger jet over Ukraine has supported in the rise of Crude. A sharp rise in Brent is seen which may be negative for the Indian Rupee. Gold (1315.69) held its gains after a sharp rise on Wednesday, unable to decide a sharp upmove...
USDCHF broke to the upside in this week, above 0.8955 and extended gains with accelerating price action to 0.8980 that can be wave (iii) as part of a new five wave bullish cycle. In that case we see room for a push up to 0.9050/0.9070 area that can be reached by the end of July...
In the last 12 hours, every market has been affected by the sudden event risk emerging out of a Malaysian passenger plane getting shot and destroyed over the Ukraine-Russia border...
Bloomberg reporting from their sources that real money and leveraged investors were strong buyers of EURUSD between 1.3513-20 in the Asian session Currently 1.3521 with large option expiries aroud the price later today so we should expect the range to be tight with plenty of sellers around too...
The Indizes switched to crisis mode. Since yesterday evening many problems appeared which scare investors. Just a Summary: 1. MH17 23:02 Britons apply for UN special session 23:11 USA-"MH17 shot by air missle" 00:35 UN Security Council meets on Friday...
"Safe haven" flows into German and US Bonds. "Risk aversion" is in the air. German 10Yr Bund Yield (1.15%) now well below 1.20%, can trend lower. The Germany-Japan 10Yr Spread (0.62%) is also trading well below important trendline support and could head further down towards 0.50...
TV networks need scale to negotiate higher fees from their increasingly-consolidated carriers. Between them, Time Warner and Fox control major TV assets like Fox, Fox News, FX, TNT, TBS, CNN, HLN, HBO, and Cartoon Network. But what about the other players? Here’s a mini-rundown...
Reports that a Malaysian Airlines jet carrying 295 people crashed on the Ukraine-Russia border have sent shock waves around the world. While investigators try to piece together exactly what happened in Ukraine, investors reacted first by selling. The S&P 500 index dropped about 0...
CL found support level at fibonacci 50% inside channel up pattern. 105.03 will be resistance level, and if this level break Ideal target for this ABCD at level 109.37...
Downtrend will tested at double bottom and fibonacci support level. Euro fundamental still in bad result, and MH17Plane Crash on ukraine border make this level easy to break. At 4 hour chart,, strong channel down still perform...
USDJPY Technical Strategy: Pending Long Doji suggests bulls losing steam after bounce off-range-bottom The USDJPY bulls have seemingly lost steam in recent trading with the pair posting a Doji formation on the daily...
Essential Design The market's compound construction is such that two waves of a particular degree subdivide into eight waves of the next lower degree, and those eight waves subdivide in exactly the same manner into thirty-four waves of the next lower degree...
