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Elliot Wave Analysis: Forex, Bonds, US Gold, Silver, Iron Ore, Copper, Lithium, Nickel, Crude Oil, Natural Gas

Video By:
Peter Mathers
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Wednesday, May 31, 2023 7:13 AM EDT
The USD DXY USDJPY are heading higher into Wave iii) and iv) corrections so are the FX pairs and so are GDX and US Spot Gold. So, there are no larger trends, just corrections. No strategies as markets are in small corrective patterns.




Two Trades To Watch: DAX, USD/JPY - Wednesday, May 31

Article By:
Fiona Cincotta
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Wednesday, May 31, 2023 5:15 AM EDT
USDJPY trades within a rising channel since mid-March. The pair ran into resistance at 140.93 and has eased lower, pulling the RSI out of overbought territory.
Crude Oil Forecast: Crude Oil Continues To Show Volatility

Article By:
Christopher Lewis
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Wednesday, May 31, 2023 4:30 AM EDT
The West Texas Intermediate market exhibited a volatile trading session, initially rallying before reversing and displaying erratic behavior. Traders will closely monitor the $70 level, a significant psychological threshold, for potential support.
Elliott Wave Technical Analysis: Bitcoin - Wednesday, May 31

Article By:
Peter Mathers
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Wednesday, May 31, 2023 3:47 AM EDT
Bitcoin has recovered well from the 25,874.30 level and can still hold above the MA200 line, leading us to expect Wave 2 to end at 25,874.30. The price is returning to an upward trend, and a five-wave rise will support this idea.
In this article: BITCOMP
Elliott Wave Technical Analysis: DexCom Inc. - Tuesday, May 30

Article By:
Peter Mathers
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Tuesday, May 30, 2023 7:37 AM EDT
Looking for longs without breaking wave E, otherwise, the whole count is compromised and we could be facing more downside.
In this article: DXCM
Two Trades To Watch: GBP/USD, Oil - Tuesday, May 30

Article By:
Fiona Cincotta
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Tuesday, May 30, 2023 6:15 AM EDT
GBP/USD falls amid debt ceiling jitters & ahead of US consumer confidence data. Oil weighs up debt ceiling news & economic growth concerns.
Gold Forecast: Market Faces Hesitation With Bond Market And US Dollar Strength

Article By:
Christopher Lewis
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Monday, May 29, 2023 6:50 AM EDT
While the negative correlation between the US dollar and gold seemed to diminish, it is now making a full comeback. Still, Gold's traditional role as a wealth preservation asset remains compelling for many investors.