The Dollar Index chart is part of our educational article "Elliott Wave Case Study - Dollar Index and the Alternation Concept."
This chart is part of our educational article "How to Analyze a Fast Market Using the Elliott Wave Principle."
Gold is likely to stay bearish below 1,495 today with a target of 1,487.
From a technical perspective, the pair's inability to find acceptance above the 50% Fibonacci level of the 1.3381-1.1959 downfall and a rejection near the 200-day SMA might prompt some long-unwinding trade.
The EUR/USD continues to trade bullish in the wake of bullish channel which is driving bullish bias in the market. The pair may trade bullish until 1.1050 and stay bearish below this level.
The gold weekly chart is part of our educational article "Trading the Elliott Wave Principle - Part 5."
This chart is part of our educational article "Trading the Elliott Wave Principle - Part 5."
The Gold weekly chart is part of our educational article "Trading the Elliott Wave Principle - Part 5 ."
The chart is part of our educational article "Trading the Elliott Wave Principle - Part 5."
This chart is part of our educational article "Trading the Elliott Wave Principle - Part 4."
The chart is part of our educational article "Trading the Elliott Wave Principle Part 4."
XRP has failed to reach above the 23,6% Fib retracement line after dropping below it. The 2 solid attempts did not go through, and it is uncertain if XRP will continue to outperform the other top cryptocurrencies, at least in the short term.
ETH/USD crossed above the 23,6% Fib line which is standing just below $182. However, the RSI is approaching overbought territory, which may concern some traders.
Bitcoin's price is testing the 38,2% Fib line, while constantly making lower highs and lower lows. With volume on a quite low level, it is quite uncertain if Bitcoin will stay above 8,000 levels.
The BAC 3-hour chart is part of our educational article "Trading the Elliott Wave Principle - Part 3."
This chart is part of our educational article "Trading the Elliott Wave Principle - Part 3."
Gold prices slipped for a third straight session on Tuesday, pressured by a stronger dollar and an uptick in equities ahead of upcoming U.S.-China trade talks in Washington. Let's keep an eye on 1,513 to stay bearish below this level today.