The most popular cryptocurrency in the world has been massively undervalued since late 2021 owing to a number of contributing factors. But upon closer examination, the price action appears to be establishing a massive Head and Shoulders pattern which, if realised, would entail the development of an even bigger downtrend in the long run. Nevertheless, this may also entail bulls with an opportunity to go long [...]

Following a prolonged consolidation within the boundaries of a narrow range, the price action of the EURUSD is finally attempting a major breakout. If proved successful, this could entail the beginning of a new massive uptrend. Both currencies are affected by soaring inflation, with consumer prices in the U.S. topping a four-decade peak and headline inflation in the Eurozone reaching an all-time high. [...]

The price of Ethereum plummeted sharply earlier today following a sweeping selloff in the crypto market. Over the last couple of days, Bitcoin , the benchmark cryptocurrency, fell by over 6 per cent. There are multiple factors contributing to the selloff, with the most significant one being the temporary strengthening of the dollar. The greenback is currently advancing ahead of the release of the December [...]

The price action of Bitcoin, similarly to other prominent assets, has been consolidating around the Holidays owing to diminished trading activity. The cryptocurrency fell from the November peak and is currently threading just below the psychologically significant threshold at $50000.00. The majority of cryptocurrency enthusiasts expect the crypto flagship to resume appreciating shorty as trading activity [...]

The price action of EURUSD is currently establishing a bullish pullback within a broader downtrend, exhibiting a clearly discernible corrective behaviour. The underlying set-up thus entails the possibility of implementing contrarian trading strategies. Market liquidity remains quite subdued due to low trading activity, something that is not at all that surprising during the [...]

The price of Ethereum is due for a bearish correction owing to a combination of contributing factors. Chiefly, the low market liquidity that is observed at the end of each year - the consequence of market seasonality - is owing to diminished trading activity. Historically, this tendency entails probable selloffs of higher-risk assets, such as Ethereum. [...]

The price action of crude oil is long overdue for a bearish correction, though geopolitical tensions are so far preventing it from happening. The escalating tensions near the Donbas border-region of Ukraine are high as Russia keeps on increasing its military presence on its own side of the border. The global energy market has thus been gripped for quite a while by the prospect of a Russian invasion. [...]

Gold's price action has been consolidating in a broad range for over half a year now, which is a confirmation of the very strong range-trading conditions that prevail at present. Under those conditions, bulls and bears may implement the highly effective strategy of picking the underlying range's tops and bottoms. And given that the price action is currently drawing near one of the range's extremes, bears may [...]

Earlier today, the price of the commodity rallied on the latest tribulations in the global geopolitical sphere. The escalation of tensions in Kazakhstan unnerved markets, which were already worried by the prospects of a potential Russian invasion of Ukraine. This caused an upsurge in demand for energy, thereby causing oil to rise. Nevertheless, the price action is currently probing a major resistance level [...]

The price action of gold continues to be consolidating within a broad range, which has been developing over the last several weeks. Given these very strong ranging conditions, traders may implement contrarian trading strategies, aiming to pick tops and bottoms within the boundaries of the range. Market pressures remain subdued in those early days of the new year due to low overall trading activity. [...]

The price of gold is once again consolidating within the boundaries of a massive range, entailing excellent opportunities for the implementation of range-trading strategies. Those involve picking the tops and bottoms within the established range. The consolidation is due to a mixture of conflicting news and statistics, making it impossible for neither bulls nor bears to retain control for long. On the one [...]

The price of crude oil plummeted last week after Russia proposed an increase in production at the last OPEC+ meeting, which took place on Thursday. The plunge was further bolstered by the fact that the recent fears concerning the energy crisis in Europe, which kept energy demand high for some time, have now mostly subsided. And while the risk of global supply and demand disruptions continues to pose a [...]

The rally of the Nasdaq reached a climax in late November, and ever since then, the price action of the index has been on the retreat. Currently, a minor bullish pullback appears to be developing, which would allow bears to utilise trend continuation trading strategies; chiefly, they would be able to sell the next peak in anticipation of continued price depreciation afterwards. [...]

The Nasdaq price has undergone a patch of massive volatility outbursts recently, owing to rising market unpredictability. This erratic behaviour of the price action means that the current trading opportunity is only suitable for the least risk-averse traders who are primarily using volatility-based trading strategies. The erratic behaviour of the price action is owing to a bundle of contributing factors [...]

The price action of the Nasdaq composite index is currently testing the psychologically significant resistance level at 16000.00, which is also the all-time highest resistance level, for a second time over the last several days. Due to the significance of this threshold as a major turning point, there is a very high probability that a second dropdown would emerge from it in the very near future. [...]

The Nasdaq composite index completed a major 1-5 impulse wave pattern recently, as postulated by the Elliott Wave Theory. It was then followed by a corrective ABC structure, which implies the completion of a major cycle. Since the price action very possibly finds itself in the early stages of a new major cycle, this could present traders with the opportunity to enter early into the development of a new trend. [...]

The price of the Nasdaq composite recently started developing a new bearish correction, as was forecasted by our previous analysis of the index. Even still, the broader rally still looks quite solid, which means that bulls can look for an opportunity to enter long at the bottom of the correction by implementing trend continuation strategies. [...]

The price of the Nasdaq composite continues to be climbing slowly towards the psychologically significant resistance level at 15000.00, as was forecasted by our previous analysis of the index. In addition to the fact that this resistance has such psychological importance due to the many zeroes in the number, the price has never reached this threshold before. This makes it an even more prominent turning point. [...]

Google's parent company Alphabet Inc. is scheduled to report its quarterly earnings for the three months leading to December 2020 tomorrow after the market close. What most investors and traders will be looking for in the earnings report of the Silicon Valley giant are clues that the company can continue to outperform the rest of the U.S. tech sector in terms of value growth. [...]

One of Wall Street's favourite blue-chip companies is scheduled to report its quarterly performance next and traders' anticipation is unsurprisingly building up. Apple is expected to deliver its earnings report tomorrow after the market close, which means that its impact would be reflected on Thursday's open. [...]

The earnings season in the U.S. is gaining speed, and Morgan Stanley is the next financial institution in line to report quarterly earnings for the three months to December 2020. The bank is set to do so tomorrow before the market open. JPMorgan Chase kicked-off the cycle last week. Morgan Stanley's share price is currently consolidating just below a historically significant resistance level, which was last [...]

The biggest bank in the U.S. is scheduled to release quarterly earnings data for Q4 of 2020 today before the market open. JPMorgan Chase's stock currently finds itself on an 8-days long bullish run ahead of today's numbers, which begs the question of just how much longer could this run be extended before a correction takes place? [...]

The analysis for today examines the price action of Merck & Co. The company is one of the largest pharmaceutical giants in the world, but its share price has remained somewhat undervalued in the recovery that followed the initial coronavirus fallout in Q1. Special attention was given to the pharmaceuticals sector in the aftermath of the initial stock market crash, given the crucial role it is going to play [...]

Microsoft, one of the Big Four in the US tech industry, is scheduled to report its earnings data for the fourth fiscal quarter later today. The release of the earnings numbers and the subsequent press conference is expected to take place after today's market close. Interestingly, the Earnings Per Share forecasts were downwardly revised over the last few days. The initial market expectations projected an [...]