Platinum (PL) in Bottoming Process
Platinum (PL) is still in the process of forming a bottom and the metal is trading sideways since 2021 peak at 1348.2. The metal still needs to break above 1348.2 to confirm that the next leg higher...
Month: February 2024
JPMorgan (JPM) Rallied as Expected Avoiding Any Crash
JPMorgan Chase & Co. (JPM) is an American multinational investment bank and financial services holding company headquartered in New York City and incorporated in Delaware. As of December 31, 2021, JPMorgan Chase is the largest bank in...
USDCHF Holds Uptrend, But Will It Climb Higher or Consolidate?
USDCHF continues its upward journey, staying above a rising trend line on its 4-hour chart. This indicates that the uptrend, initiated at 0.8550, remains in play. But will the recent pullback lead to further gains or just...
GBPUSD Stuck in Limbo: Rangebound Consolidation or Downtrend Continuation?
GBPUSD has been stuck in a sideways dance between 1.2518 and 1.2691, leaving traders wondering whether this signifies a pause in the downtrend or simply consolidation before further decline. Let’s analyze the technicals to understand the key...
BlackRock (NYSE: BLK) New Bullish Sequence To the Upside
BlackRock (NYSE: BLK) is the world’s largest asset manager, with $9.42 trillion in assets as of June 30, 2023. Headquartered in New York City, Blackrock has 70 offices in 30 countries, and clients in 100 countries. In this...
BABA Stock: Found Sellers At The Blue Box Area
Hello fellow traders. In this technical article we’re going to take a quick look at the Elliott Wave charts of BABA Stock published in members area of the website. As our members know, the stock has recently...
Health Care Select Sector ($XLV) Found Buyers at the Blue Box Area as Expected.
Hello everyone. In today’s article, we will look at the past performance of the 1 Hour Elliott Wave chart of Health Care Select Sector ($XLV). The rally from 1.25.2024 low at $137.21 unfolded as 5 waves impulse....
USDJPY on the Rise: Uptrend Continuation or Correction?
USDJPY continues its upward journey, staying within a rising price channel on the 4-hour chart. This suggests the uptrend initiated at 145.89 remains intact. Let’s dive into the technicals to understand the potential scenarios for the pair’s...
AUDUSD at the Crossroads: Uptrend Resumption or Downtrend Consolidation?
AUDUSD finds itself at a critical juncture, testing the key resistance level of 0.6543. Whether this signifies a potential trend reversal or simply a pause within the prevailing downtrend remains to be seen. Let’s delve into the...
EURUSD at Crossroads: Breakout or Retreat in Downtrend?
EURUSD faces a critical decision point, hovering near the key resistance level of 1.0805. Let’s dissect the technicals to understand whether a breakout or a retreat within the established downtrend is more likely. Upside Potential: Breakout or...