WTI. Long-term vision. By 2020, the world's economy is in dangerous. The crisis continues for more than ten years, gradually decreasing through the transition to renewable energy sources, the use of electric cars with high efficiency and alternative fuels. However, these changes are requires incredible efforts, making quick and effective decisions at the global...
Will EURCAD repeat what it has done back in early June? We are seeing a similar pattern forming recently - 1) Price has been inching higher with a loss of strength and momentum; 2) We are seeing a divergence in RSI and price; and 3) Price is entering the minimum expected area of wave 5. All these factors gave us the expectation that price has a higher...
Watching the Palladium's daily chart we can see the weakening of the trend as price can't continue reaching the top line of the up-trend channel. There is also one great resistance at 810 area well respected. We can also see the big red engulfing candle that occurred yesterday. Last but not least we can notice the Macd's divergence with the Palladium's price...
This time last year, the pair experienced a similar drop in price that went on to consolidate at the SAME S&R level for a while before proceeding to drop to the ~106 mark and then to the ~102 mark. If history is bound to repeat itself, we can expect this pair to cease consolidation towards the end of March. I expect that the trade will not be active for a little...
Watch for 24 JAN and 27 JAN there can be huge jump after CB and Fitch decides
Declining RSI (14). Strong resistance. MacD and K.S.T. (Know Sure Thing) about to cross. Weak fundamentals