The Next Big Thing
Here’s a “No duh, Captain Hindsight” statement: Most investors assume that any firm associated with AI will be a huge winner. We hope that’s not you. But if it is, you might wanna cool your jets, Buzz Lightyear....
Month: June 2023
USDCAD Daily Analysis – June 30, 2023
The USDCAD pair has witnessed a significant breakthrough, surpassing the key resistance level at 1.3269. This successful breach suggests a shift in the market dynamics, with the pair now in an uptrend from its starting point at...
USDJPY Daily Analysis – June 30, 2023
The USDJPY pair has experienced a remarkable upside move from its starting point at 138.42, reaching as high as 145.06. This rally demonstrates the strength and resilience of the USDJPY uptrend. Traders are now closely monitoring the...
AUDUSD Daily Analysis – June 30, 2023
The AUDUSD pair has remained below a significant falling trend line on the 4-hour chart, affirming its current downtrend originating from the 0.6899 level. As long as the resistance offered by the trend line remains intact, traders...
GBPUSD Daily Analysis – June 30, 2023
The GBPUSD pair has experienced an extended downward movement, reaching as low as 1.2590 from its previous high at 1.2847. This decline suggests that the bearish sentiment remains strong, and additional downside potential may be anticipated in...
EURUSD Daily Analysis – June 30, 2023
The EURUSD pair has recently experienced a breakdown below the critical support level at 1.0844, indicating that the downtrend from 1.1011 remains intact. This development suggests that the bearish momentum could persist, with further declines likely in...
Stocks and Junk Bonds: “This Divergence Appears Meaningful”
By Elliott Wave International The trends of the junk bond and stock markets tend to be correlated. The reason why is that junk bonds and stocks are closely affiliated in the pecking order of creditors in case...
USDCAD Daily Analysis – June 29, 2023
The USDCAD pair has recently witnessed a significant breakthrough, as it managed to break above both the falling trend line and the key resistance level at 1.3269. This breakout suggests a potential shift in market dynamics, indicating...
USDJPY Daily Analysis – June 29, 2023
The USDJPY pair has been on an impressive upward trajectory, extending its move from the low of 138.42 to reach as high as 144.61. This significant rise suggests that the bullish momentum remains intact, and further gains...
AUDUSD Daily Analysis – June 29, 2023
The AUDUSD pair has encountered significant challenges in its recent price action, failing to break above the resistance of the falling trend line on the 4-hour chart. As a result, the pair has extended its downside move...