EUR/USD DAILY FORECAST: The impulsive move from the May 31 low of $1.0686 has cooled off and is currently in a consolidation phase. The price range has retraced enough to push the ADX to 17.98, while the +Di has dropped to 18.05, just below the -Di at 18.39. Today, the pair opened at $1.0913 and…
Bitcoin June 28 Update
Bitcoin has finished its retrasement of Subminuette Degree A. Now we can expect BTC to head back down to complete its Subminuette C wave at lower Channel support. Bitcoin Short Term Elliott Wave Update BTC/UST caps Subminuette-B at the $30,994.97 high now that it has retraced past the 38.2% Subminuette BvsA. Furthermore, it has successfully…
DOLLAR SOL FORECAST!
US DOLLAR SOL S/. 3.6350, Bitcoin $30,442.43, Gold $1,924.89, US Oil $69.02, Copper $3.78 US Dollar Sol opened S/.3.6378 this morning and setteled back down at the S/.3.6350. Bloomberg US Dollar Sol Sentiment is rebounding in the United States, evident by the Fear/Greed index reaching 72 and the S&P 500 climbing to $4354. However, these…
EUR/USD Pulls Back slighty to $1.093
EUR/USD drops to the $1.093 this morning. Despite the fall, longer term the Euro looks strong against the dollar. Technical and Elliott Wave stucture looks bullish for EUR/USD. European stock exchanges experienced a decline, today, in response to renewed investor worries regarding economic growth prospects. The DAX, a major stock index in Germany, dropped by…
SPX500 Bullish US Sentiment Improves
Technical indicators are bullish along the Elliott Wave structure for the SPX500 Large Caps Index CMF is at 0.156 indicating that the bulk of the volume is favoring the upside. Daily range for the SPX500 has put in a new bullish direction. Price is well above the 50 SMA and the 100. ADX is ticking…
Alemania Entra en Recesión Cae Euro Dólar
EWFOREX.NET Euro Dólar cae frente la mala noticias. No hay duda de que la crisis bancaria, los bloqueos posteriores a la pandemia de COVID-19 y el sabotaje del gasoducto Nord Stream han contribuido a esta recesión. Además, la inflación, que también ha provocado un aumento en los costos de endeudamiento, no ha sido favorable para…
El dólar sol 3.69
EWFOREX.NET El dólar sol sigue la tendencia bajista, pero es posible que experimente un aumento próximamente. Pronóstico a Corto Plazo El dólar estadounidense alcanzó un máximo de 3.70 el 18 de mayo. Desde entonces, ha retrocedido a 3.6779 esta mañana. Se espera que el precio caiga un poco más hasta aproximadamente 3.6687, donde encontrará soporte….
EURUSD BEARISH TREND COTINUES
EWFOREX.NET EURO DOLLAR is up slightly this morning on the first trading day of the week. However the Elliott Wave structure is still very much bearish for the rest of the month. $EURUSD up this morning at 1.0825. However, technically, the pair is still on its downward march from the 1.1065 high. The chart below…
¡Se intensifica Guerra entre Ucrania y Rusia!
La tensión entre EE.UU. y Rusia en Ucrania podría desencadenar una guerra mundial. Las Respuestas al Ataque Con Drones Reuters informa sobre dos explosiones de drones en la Torre Spassky del Kremlin el miércoles. El primero explotó sin problemas, pero el segundo causó daños en la cúpula al estrellarse en una ráfaga de fuego. Tras…
SPX500 TECHNICAL UPDATE
SPX500 LARG CAP INDEX. Momentum is positive but not strong. CMF has the bulk of volume favoring upside at 0.245. ADX weak upside trend at 18.00. 50 and 200 EMA are both bullish. The technical out is weak upside so far. And with todays pre-morning drop things could change. I would be bullish on this…