Gulf production

AAPL Is the Ending Diagonal Not Complete Yet?

AAPL shares seem to be forming a primary fifth wave, taking the form of an ending diagonal of the intermediate degree (1)-(2)-(3)-(4)-(5). This wave is also the final one in the cycle impulse a. It is likely that at the moment we are in the […]

Will Japan’s November Consumer Confidence Move the Yen?

It’s common knowledge that the chronic problem the BOJ has had to deal with is low inflation. But, inflation is unlikely to pick up if consumers are unwilling to spend. So, keeping an eye on consumer sentiment can give us some advance warning about where […]

Intraday Market Analysis – USD Treads Water

USDCAD seeks support The Canadian dollar edged higher after Q3’s GDP beat expectations. A bullish MA cross on the daily chart indicates a bullish bias in the US dollar’s favor. The break above the resistance at 1.2770 suggests that the bulls retain control of the […]

Surfing the Waves with Gregor Horvat: GER30, WTI, XAUUSD & More!

In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX majors, and commodities, and discover how he applies EW principles to come up with his amazing forecasts! Timestamps: GER30 01:50 WTI […]

DXY Has the Double Zigzag Ended?

The formation of the DXY stock index suggests the development of a large triple zigzag consisting of cycle waves w-x-y-x-z. On the 1H timeframe, we see the second half of a large average wave y, which has the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of […]

Global PMI Day, and Potential Market Reaction

Usually, the first couple of days of the month have extra volatility as the major economies report PMI data. However, this month seems to have coincided that virtually all of the market movers will be reporting on the same day. The market is still digesting […]

Intraday Market Analysis – USD Seeks Support

USDJPY tests daily support The yen consolidates gains after a drop in Japan’s unemployment rate. The pair has met stiff selling pressure at March 2017’s high (115.50). The drop below 114.80 then 114.00 has forced short-term positions to bail out, exacerbating the sell-off. The US […]

New Covid Variant: How Worried Should Traders Be?

As expected, trading on Friday was quite unusual. Of course, the big move was due to the sudden announcement of a new covid variant, that the WHO has designated as “omicron”. And now we all want to know what that means for the markets going […]

GBPJPY End of Correction Hints At Fresh Highs!

In the long run, GBPJPY seems to be forming a cycle impulse. Now the third part of this impulse, wave III, is under development. Only the second half of the bullish impulse wave III is visible on the current chart. It seems that the price […]

Intraday Market Analysis – Yen’s Rally Gains Traction

EURJPY breaks double bottom The safe-haven Japanese yen soars on news of a vaccine-resistant covid variant. A bearish MA cross on the daily chart indicates weakness in the euro’s previous rebound. The pair has closed below last September’s low at 127.90, a major floor to […]