Summary
In this webinar, you will learn how to combine Elliott Wave with classic technical analysis by exploring patterns, MACD, Moving Average congestion, channels and more. Integrate all these versatile tools in your trading arsenal to increase your win ratio and get more profitable trades.Latest Live Videos
Editors’ Picks
EUR/USD trades above 34-month lows after US retail sales miss
EUR/USD is trading around 1.0850, above the lowest since April 2017. The US Control Group disappointed by staying flat in January. Consumer sentiment beat expectations. Germany reported a 0% growth in Q4 2019.
USD/JPY: Consolidated in a range, awaits US retail sales for fresh impetus
USD/JPY remains confined in a narrow range below 110.00 round-figure mark. The set-up warrants some caution before placing aggressive directional bets.
GBP/USD ticks down after reshuffle-related rally
GBP/USD is trading closer to 1.30, consolidating its gains after UK PM Johnson nominated Sunak as Chancellor instead of Javid, potentially directing fiscal stimulus. Brexit concerns and coronavirus developments are in play.
Gold struggles to move into positive territory, trades around $1,575
The troy ounce of the precious metal rose $8 on Thursday but seems to be having a tough time stretching higher on Friday. As of writing, the XAU/USD pair was virtually unchanged on a daily basis at $1,576.
WTI climbs to fresh two-week highs above $52
The barrel of West Texas Intermediate (WTI) fell below the $51 handle on Thursday but recovered a large portion of its losses to close the day at $51.50 on easing concerns over the impact of the coronavirus outbreak on the global energy demand.