A lot has been said and written about both the Democrat and Republican economic plans for a better economy. We believe in free enterprise and limited regulation, allowing humans to create and expand at their own will for the better but there is a vast difference between the two parties regarding the economic agenda. Most […]
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$FP : Pattern of Total stock can be the key for investors
Read MoreTotal SA is traded under tickers $FP @ Euronext and $TOT @ NYSE. It is of particular interest today as the world indices are dropping in a straight down mode. Hereby, Total may provide clues to identify the turning point in indices as it shows a pattern with the textbook quality. Since stocks are always bullish […]
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$FXA Bearish Cycles From The July 2011 High
Read More$FXA Bearish Cycles From The July 2011 High The FXA ETF fund is the Australian dollar tracking fund that has an inception Date of 06/21/2006. With that said the fund mainly reflects the currency spot price of the AUDUSD forex pair. The data available from the Reserve Bank of Australia at their website suggests the spot […]
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CADJPY May See More Downside After BOC Cut Rates
Read MoreOn Friday, Bank of Canada (BOC) made another rate cut for the third time this month. The central bank lowered the interest rate by 50 basis points to 0.25%. This unscheduled rate cut is intended to provide support to the financial system and the economy during the COVID-19 pandemic. Prior to the cut, Canada has […]
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NIKE ( $NKE ) Forecasting The Decline & Selling The Rallies
Read MoreHello fellow traders. Another instrument that we have been trading lately is NIKE stock. In this technical blog we’re going to take a quick look at the Elliott Wave charts of NIKE, published in members area of the website. As our members know, NIKE had incomplete bearish sequences in the cycle from the 01/21 peak, […]