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Forex Archives | Elliott Wave Analytics
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Gold Tests Resistance Again. Will The Sixth Time Be T...By Syndicated Publisher on June 7, 2019 | No CommentsHere we go again. After a couple of big trading sessions, gold – for the d. It looks like fundamentals, including the Fed’s capitulation to choppy stock markets and trade-war related economic uncertainties, are trumping gold’s usual seasonality (strong in spring, weak in summer) at the momen...
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Ripple (XRP) Makes Huge Waves: Did You See Them Comin...By Syndicated Publisher on October 5, 2018 | No Comments7 Days of Free Forecasts 11 Top FX Markets + Bitcoin, Ethereum & Litecoin Forex FreeWeek | October 3-10, 2018 You’ve just seen how Elliott Wave analysis can help you anticipate even the fastest-moving turns in trend. So: if you want analysis for where EURUSD, USDJPY and Bitcoin and o...
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Things Are Lining Up Nicely For Gold And SilverBy Syndicated Publisher on July 10, 2018 | No CommentsBeginning in early Spring, gold and silver faced two serious headwinds: Seasonality – that is, the annual decline in bullion demand from China and India once wedding season ends – and the internal structure of the futures markets, where the big players in gold had lined up in ways that historic...
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Gresham’s Law and BitcoinBy Syndicated Publisher on June 22, 2018 | No CommentsRather suddenly, the state issued fiat currency bolivar lost 99% of its purchasing power. Gresham’s law holds that “bad money drives out good money,” meaning that given a choice of currencies (broadly speaking, “money” that serves as a store of value and a means of exc...
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The Three Largest CryptocurrenciesBy Syndicated Publisher on May 2, 2018 | No CommentsWith so much focus on bitcoin lately, we’ve added a new weekly update that tracks the three largest cryptocurrencies by market share: bitcoin, Ether, and Ripple. According to Wikipedia, a cryptocurrency is “a digital asset designed to work as a medium of exchange that uses cryptography t...
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Silver Speculators Go Short – Which Is Extremely Bu...By Syndicated Publisher on March 28, 2018 | No CommentsFriday’s commitment of traders (COT) report for gold and silver offered more of the same. Which is to say the gold futures action was boring and the silver action was strange and exciting. Starting with gold, the large speculators – who, remember, tend to be wrong at big turning points – got a...
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Using Recent Bubbles to Estimate a Bottom in BitcoinBy Syndicated Publisher on February 7, 2018 | No CommentsThere is a very good chance we witnessed the top in bitcoin when it hit just under $20,000 in December of 2017. The rapid price gains it achieved last year officially put it in the record books as the largest bubble ever recorded, exceeding even the Tulip Mania of 1634-1637. With the amount of a...
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Bitcoin | The Greatest Bubble of All Time…By Syndicated Publisher on January 30, 2018 | No Comments“Wild” doesn’t begin to describe Bitcoin’s price action. Less than 12 months ago, it traded as low as $1,200. By early December, it hit a high of $19,891 – and on the CBOE, Bitcoin futures topped $20,000. Then, on December 22, Bitcoin crashed to $10,400… then rebounded as...
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Gold Jumps To Crucial Technical Level. Important Acti...By Syndicated Publisher on January 30, 2018 | No CommentsAfter what seems like a decade in the shadow of tech stocks and cryptocurrencies, gold and silver are rocking again. Which of course leaves everyone wondering if this is the beginning of the long-awaited epic run, or just a head fake preceding yet another grinding, protracted, soul-sucking decline. ...
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Are Cryptocurrencies Inflationary?By Syndicated Publisher on October 31, 2017 | No CommentsThere’s a debate raging over what, exactly, bitcoin and the thousand or so other cryptocurrencies actually are. Some heavy-hitters are weighing in with strong, if not always coherent opinions: Jamie Dimon calls bitcoin a ‘fraud’ JPMorgan Chase CEO Jamie Dimon did not mince words when asked abo...
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Why Governments Will Not Ban BitcoinBy Syndicated Publisher on October 24, 2017 | No CommentsThose who see governments banning ownership of bitcoin are ignoring the political power and influence of those who are snapping up most of the bitcoin. To really understand an asset, we have to examine not just the asset itself but who owns it, and who can afford to own it. These attributes will ...
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The Real Peak ComplacencyBy Syndicated Publisher on October 24, 2017 | No CommentsStocks are at record highs while volatility is at a record low. Which is another way of saying that investors aren’t as worried as they probably should be about the coming year. That’s okay. Price corrections (with their attendant volatility spikes) are normal and natural ways for markets to te...
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Gold and Yen at Key Inflection Points: Watch for Poss...By Syndicated Publisher on October 23, 2017 | No CommentsMoves in the Japanese yen have been a reliable indicator for gold due to the effects of the yen carry trade. Given ultra-low interest rates in Japan, its currency has been the funding currency for global speculators who borrow in cheap yen and then speculate in other assets. When the yen weakens, th...
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Rationality Versus The MarketBy Syndicated Publisher on October 23, 2017 | No CommentsThe late stages of financial bubbles are always tough for rational analysts. Focused as they are on the numbers, such analysts are relatively immune to the emotion that drives the action at market extremes, so they find themselves making predictions that turn out to be “wrong” for months and som...
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Thunder Down Under: Some Australian Junior Gold Miner...By Syndicated Publisher on October 19, 2017 | No CommentsGold mining stocks have been treading water for what seems like forever. But in a remote part of Australia, a potentially big find by a tiny exploration company is generating some welcome excitement. The story in a nutshell: Back in the 1990s, Newmont Mining geologist Quinton Hennigh came up with a ...
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What the Mainstream Doesn’t Get About BitcoinBy Syndicated Publisher on August 16, 2017 | No CommentsThe real demand for bitcoin will not be known until a global financial crisis guts confidence in central banks and politicized capital controls. I’ve been writing about cryptocurrencies and bitcoin for many years. For example: Could Bitcoin Become a Global Reserve Currency? (November 7, 201...