$FXB British Pound ETF Elliott Wave & Longer Term Cycles Firstly the British Pound Sterling tracking ETF fund FXB  inception date was 6/21/2006. The bearish cycle lower from the November 2007 highs in FXB is the focus of this analysis. The British Pound Sterling has been the currency of the Bank of England since 1694. Considering that date […]

The news that Covid-19 vaccines will soon be available to fight the pandemic has boosted the global oil markets. Demand has plummeted since the start of the pandemic. Organization of the Petroleum Exporting Countries (OPEC) projects 2020 oil demand to be 9.8 million bpd (barrels per day) lower than 2019. In 2020, OPEC cut production […]

Russian Rouble (or Ruble) is the currency of the Russian Federation and the 17th most traded currency in the world. Within current environment of rising commodity prices, the world market impact of Russia, which is a major commodities producer, should strengthen. Without any doubt, this fact will increase the trading volumes of the Russian national […]

Hello fellow traders.  In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL, published in members area of the website.  As our members know, OIL is another instrument that we have been trading lately. The price is showing bullish sequences in the cycle from the April  21st […]