The recent downtrend on the EURUSD pair appears to have already bottomed out, as the greenback's rally is temporarily put on a halt. Given this waning bearish sentiment, the underlying setup looks suitable for the implementation of contrarian trading strategies at the new dip. Several crucial factors contribute to the depreciation of the greenback in the short term, the most significant one being the [...]

Investors' fears concerning the new coronavirus variant spur a selloff on higher-risk assets, including Bitcoin and Ethereum. The bearish reversal on ETHUSD is further bolstered by mounting geopolitical tensions and rising inflation concerns. Therefore, the current setup is suitable for the implementation of contrarian trading strategies by bears. [...]

The price of Bitcoin has been consolidating around the psychologically significant threshold of 60000.00 over the last several days, as bearish pressure keeps increasing. Our analysis examines all of the reasons why bears would likely retain control in the near term, and the price would continue to depreciate. Bitcoin's latest rally was mostly owing to heightened investors' optimism. The demand for the [...]

The price action of the EURUSD continues establishing a major bearish trend, which looks poised to reach new dips in the medium term. However, a bullish pullback would eventually take place, which means that both bulls and bears might have a chance to take advantage of the underlying setup in the foreseeable future. Why is there such a massive discrepancy between the bullish bias driving the rally of the [...]

Significant bearish pressure has begun to accumulate on the GBPUSD, as the pair started developing a new sizable downtrend over the last few days. The downtrend is the product of diverging outlooks on the dollar and the pound. On the one hand, the economic situation in the U.S. is looking increasingly better. Even though consumer and producer prices have topped multi-year highs last month, which has caused [...]

The price action of the EURUSD has registered an upsurge in adverse volatility over the last several days, leading to massive seesaws. This was caused by diverging economic data in the Eurozone and the U.S. And given the currently unfolding COP26 conference, overall uncertainty is likely to grow even more. The newly adopted hawkishness of the European Central Bank emboldened euro bulls who now see the [...]

The price action of crude oil appears to be in the early stages of establishing a new bearish trend, as it attempts to break down below the lower boundary of a major consolidation range. This range serves as a Distribution of a broader Wyckoff Cycle, which means that the trend reversal if it is indeed to take place, would likely be marked by predictable behaviour of the price action. [...]

The price of gold has been advancing for seven consecutive days, which increases exponentially the likelihood for a correction whit each next passing day. This means that the current setup is suitable for the implementation of contrarian trading strategies by bears looking to trade on an expected dropdown, whereas bulls can then use trend continuation trading strategies to buy the resulting dip. [...]

The long-anticipated reversal on the price of crude oil may finally be on the horizon, given the latest developments on the price action of the commodity. However, right off the gate, it should be stated that the ongoing energy crisis continues to be the biggest determinant of the heightened demand for gas, which has a spillover effect over crude oil as well. That is why bears should be especially cautious [...]

The price of gold is currently probing the psychologically significant resistance level at 1800.00, which might prove to be an impregnable obstacle, at least for the time being. There is a confluence of mounting bearish indications, all pointing to a likely upcoming reversal from this threshold, which means bears can try to implement contrarian trading strategies. [...]

The price of crude oil has rallied considerably over the last several months as global energy demand increased materially. Part of the reason is the slightly more hawkish rhetoric implemented by some of the most prominent central banks, which alludes to the progress that has been achieved so far in overcoming the economic crunch from last year. There have also been other more recent contributing factors [...]

The price action of gold appears to be consolidating within the boundaries of a narrow range in the short term, even though bearish pressure continues to be increasing slowly but steadily. This could create a favourable setup for implementing trend continuation strategies by bears looking to sell the peak; however, such a scenario would be subject to several key developments. The most significant [...]

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. [...]

The Nasdaq Composite index has advanced considerably over the past few weeks, even though the underlying sentiment is not ostensibly trending. This is caused by mounting adverse volatility in the market. These erratic fluctuations could prompt a broader bearish correction in the near future. Selling pressure continued to accumulate yesterday following Jerome Powell's, Chair of the Federal Reserve [...]

Nasdaq's luck seems to be running out as the stock market becomes increasingly more bearish-looking. This could mark the beginning of a new sizable downtrend. The impact of market seasonality is already playing a pivotal role in diminishing the overall liquidity in the market as the general trading activity falters. Meanwhile, paradoxically as it may seem, improving economic outlook could derail [...]

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 [...]