In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of XLY We presented to members at the elliottwave-forecast. In which, the rally from the 23 October 2024 low unfolded as an impulse structure. Also showed a higher high sequence with a bullish sequence stamp. Suggested that ETF should see…
SoFi Technologies, Inc., (SOFI) provides various financial services in the US, Latin America & Canada. It operates through three segments; Lending, Technology Platform & Financial services. It is based in San Francisco, CA, comes under Financial Services sector & trades as “SOFI” ticker at Nasdaq. As mentioned in the last article, SOFI confirmed bullish sequence…
The VanEck Junior Gold Miners ETF (GDXJ) is an exchange-traded fund that tracks the overall performance of small-cap companies primarily involved in gold and silver mining. GDXJ includes a diverse portfolio of junior miners, which are smaller, often early-stage companies with significant growth potential. GDXJ Monthly Elliott Wave View Monthly Elliott Wave view in Gold…
Short Term Elliott Wave View in EURUSD suggests cycle from 9.25.2024 high is in progress as a zigzag. Down from 9.25.2024 high, wave A ended at 1.076 and wave B rally ended at 1.09369. Wave C lower is in progress as a 5 waves impulse Elliott Wave structure. Down from 11.6.2024 high, wave (i) ended…
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not…
Today we saw a stronger-than-expected Canadian CPI print, potentially setting up CAD/CHF for a continued upside move in the short-term. With headline inflation jumping to 2.0% versus 1.9% expected, and core measures also running hotter, the odds of another BOC rate cut in December appear to be diminishing rapidly. Let’s examine how we…
The British pound is steady on Tuesday. In the North American session, GBP is trading at 1.2678 at the time of writing, unchanged on the day. On Monday, the pound ended a six-day slide, during which the currency lost 2.8%. Markets brace for higher UK inflation The Bank of England has done an excellent job…
If you’ve ever thought about becoming a trader, you’ve probably heard the shocking statistic: 90% of traders fail within their first year. It’s a harsh reality. Yet, within that 10% who thrive, there’s one thing that sets them apart: their trading mindset. This isn’t just about strategy or tools—it’s about the mental framework they adopt…
The Canadian dollar is higher on Tuesday. In the North American session, USD/CAD is trading at 1.3975 at the time of writing, down 0.29% on the day. Canadian inflation hits 2%, higher than expected Canada’s inflation rate rose to 2% y/y in October, higher than the 1.6% gain in September, which was a three-year low….
The Dollar Index is retreating from Thursday’s highs, moving against the logic of fundamental forces. This behaviour begs the question: either the Dollar Index has reached the limits of its range, or this is an extended shake-out of positions after a prolonged rally. The DXY rallied to 106.99 last Thursday, almost repeating the October 2023…