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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GOLD ( $XAUUSD ) Forecasting The Rally & Buying The Dips
Read MoreHello fellow traders. GOLD is another instrument that we have been trading lately . In this technical blog we’re going to take a quick look at the Elliott Wave charts of GOLD, published in members area of the website. As our members know, GOLD is trading within the cycle from the March 16th low . […]
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Bullish Sequence in EURGBP Favors More Upside
Read MorePound Sterling declined against a basket of currencies last week after a series of negative news. First of all, Bank of England (BOE) decided to increase quantitative easing by £100BN, putting pressure to Pound Sterling. Secondly, the deadlock in EU and UK trade negotiations over Brexit would likely persist until the year-end. Then finally, Bank of […]
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$FXB Longer Term Bearish Cycles & Elliott Wave
Read More$FXB Longer Term Bearish Cycles & Elliott Wave 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 was back […]
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Elliott Wave View: Microsoft (MSFT) Cycle from March Low Still In Progress
Read MoreMicrosoft Corporation ( MSFT ) is currently still extending higher from 3.23.2020 low. The stock reached all time high on 6.11.2020 and ended wave ((3)) at 198.52 high. From there, MSFT did a pullback in wave ((4)) as a Double Three Elliott Wave structure. Down from 6.11.2020 high, wave (W) ended at 186.07 low. The […]