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Netflix has experienced a remarkable surge in subscriber growth attributed to its proactive measures to curtail password sharing and the introduction of a new ad-supported subscription tier. In the third quarter, the global streaming juggernaut welcomed an impressive 8.76 million new subscribers, significantly outpacing Wall Street's conservative estimate of 5.49...

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Gold prices have encountered substantial downward pressure recently, with multiple factors attributed to actions and statements by the U.S. Federal Reserve playing a pivotal role in this decline. Foremost among these factors is the robust performance of the U.S. dollar, which has hovered near a six-month high, diminishing gold's allure, given its pricing in...

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While the prevailing sentiment among financial analysts leans toward Amazon's stock being a solid buy, I harbor a degree of skepticism, primarily driven by a divergence between technical analysis and the consensus among analysts, especially in the medium term. Central banks across the globe have taken unprecedented measures to combat rising inflation, primarily...

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The current price action analysis of US100 suggests a potential recurrence of a pattern observed towards the close of 2021, which was succeeded by a significant decrease in value. This similarity in price dynamics raises the prospect of a comparable downturn occurring at some point within this year as well. My long-term targets for this trade are 13949, 11804,...

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From a technical perspective, on the weekly chart, GBP/JPY may have finished five waves up as the price is currently trading near the 100% Fibonacci Extension zone which is known to be a critical area according to Elliott Waves principles. Not breaking above current levels will signal the start of a strong corrective cycle to the downside to retest previous lows...

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AMD (Advanced Micro Devices) is a multinational semiconductor company that specializes in designing and manufacturing computer processors, graphics processing units (GPUs), and other related technologies. AMD is known for its Ryzen processors, Radeon graphics cards, and EPYC server processors. The company competes with Intel in the CPU market and NVIDIA in the GPU...

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Looking at the Daily timeframe, NZD/CAD is currently trading at the lower band of a beautiful bullish flag, in addition to retesting the 50% Fibonacci Retracement level which is a critical weekly area. On the 4H timeframe, we can see that the price is reaching the area mentioned above inside a falling wedge reversal pattern making our analysis more valid. Our...

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Gold is trading near a critical weekly area, the 2,000 zone, and just broke out of an ascending formation that is currently being retested. From an Elliott Wave perspective, Gold may have finished (5) waves of big wave 5 possibly indicating the start of a corrective cycle. If this scenario is valid, Gold may retest its previous wave (iv) at around 1,935....

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As I said in my previous article, we may see lower CPI data for the upcoming period (beginning of 2023) and that is exactly what we saw today with the U.S. YoY CPI decreasing to 6.5% compared to last month's YoY CPI (7.1%). Meanwhile, the expectation is that central banks will continue to raise interest rates in the near term to tame inflation, as in my opinion,...

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After successfully predicting the unprecedented inflation global economies are experiencing today, I believe that inflation may have peaked, at least in the short run. However, I don't think it reached its last cycle peak. As central banks are raising interest rates and acting very hawkish, we may see lower-than-expected CPI data for the upcoming period (beginning...

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Crude surged in March with global benchmark Brent reaching $139.13 a barrel, the highest since 2008, after Russia's invasion of Ukraine sparked supply concerns. Prices cooled rapidly in 2022's second half on worries about the global recession. This has been a great year for commodity markets, with supply risks leading to increased volatility and elevated...

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From a technical perspective, BTC /USDT is trading inside a beautiful bearish continuation pattern, thus further downside is expected. Additionally, from a fundamental perspective, U.S. economic data may keep coming above expectations, hence such results will be used by the Fed as a reason to increase interest rates further. Although inflation managed to slow...

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Looking at the S&P 500 Daily chart , the price is currently trading near a very high key area (4000 zone) inside a bearish continuation pattern, hence signaling that the bull trap we saw is near its end and that the time may have come for further downside continuation towards lower lows, not to mention that the 3084 level we are waiting for at the lower band of...

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GBP/CAD just retested the lower band of its daily falling wedge formation with a very corrective behavior inside a smaller descending, hence an upside reversal is very expected. Not breaking below the 1.5230 zone may be a great buy opportunity for a long-term trade towards retesting previous highs. Our first target for this setup will be the beginning of the...

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USD/CHF is currently testing the upper band of the daily descending formation which is also the 50% Fibonacci Retracement level making this zone a very high key area. Additionally, the price is trading inside an ascending channel inside the bigger descending, hence making our analysis for a reversal more valid. Our first target for this swing trade is 0.9577....

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Looking at AUD/JPY on the 30 min timeframe, we can spot an ascending formation that was broken and is currently being retested. Not breaking above the retest zone could be a great short opportunity towards 93.96, the 61.8% Fibonacci Retracement level. Breaking below 93.96 may push the price for further downside towards retesting the channel's beginning at 93.39....

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GBP/JPY is currently trading inside a decent descending channel near the 78.6% Fibonacci Retracement level. Not breaking below the lower band of the descending formation will be a great buy opportunity towards 161.50 as our first target. Breaking above the channel will push the price towards 162.46 and 163.35 in extension. Goodluck! M.Y.

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On the daily timeframe, Gold broke a descending formation and is currently retesting it. Keep in mind that the $1,730 daily support level is a very critical zone and not closing below it while retesting the descending channel may signal a great long-term buy opportunity towards retesting previous highs. Our first target for this trade will be the 50% Fibonacci...