MarketIntel

MarketIntel Updated 

Kool & the Gang is getting down and so is Gold! Gold is cloesly trading at its previous low. For now we still expect a final push in the $1980s region, where a sharp change in trend should happen. The turnaround zone is indicated by the yellow box. In case the bears are highly motivated and manage to break below $1916, the downward move could accelerate. Next...

MarketIntel

The EUR/GBP manages to reach a lower low. 📉 🐻 We are already short since the beginning of August; however, it might not be too late to jump on the moving train! Short with stops above the previous highs might be a good idea. We see the downward move continuing. Target is as always our yellow box, where we expect a reversal. Nevertheless, we have to watch out for...

MarketIntel

WTI reaches a new high. As long as we trade above $40.89, we expect higher prices, without further detours. The next goal for the hungry bulls is the region around the 161.8% Extension at $49. After a short correction, which will give us another opportunity for re-entry, we see the bulls passing area 51 and leaving for prices in the $56 region. We are Long since...

MarketIntel

No MC Hammer not Today! We sincerely apologize to all MC Hammer fans but the EUR/USD can in fact touch our target zone (yellow box). To be precise: It is supposed to do so! We expect a corrective wave 4, as depicted in yellow, followed by a bullish turnaround. The target zone for a turnaorund lies between the 23.6% Retracement and the 38.2% Retracement. This...

MarketIntel

yarn.co You've gone completley sideways, man! Not only Dr. Gonzo in fear and loathing in Las Vegas, went completely sideways, so did the Dow Jones, for the past week! We think the time is ripe for another push towards the 29k milestone. We consider the sideways move a wave (iv) depicted in white, which will be followed by another upwards move (wave (v) also in...

MarketIntel

The bears fail to break support at 12559. We think further bullish action is imminent. We are now Long with a target of 13500 points. This would be the minimum target of wave 5 depicted in ocher. However, if our primary expectation pans out, the bulls are set to reach new territory at around 14800. The no-go-area is below 12199.5. Should we break this support...