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Canadian dollar index is within its correctional wave and a wolfe wave pattern is seen there indicating final leg of WXY will be completed this week BOC will announce new interest rate which predicted to be hawkish

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price clearly pullback on daily timeframe trendline along with MACD divergence are signs of bullish move despite heavy fall down of previous week . so the lower line of the two channels could play a role of strong support to up the price European Commission president calls for price cap on Russian oil so this could interrupt supply from one hand and from...

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daily time frame wave count is a big picture of usoil wave sturcture as depicted on the chart indicating upward move toward 112-115 $ then going down for 75$ as these two numbers is taken from Kijensen and Tenkensen overlapped target and also our wolfe wave pattern and is in coincidence with USDCAD wave structure as below if you have any comments about how you...

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wave structure of USDCAD is crucial as it will give us an idea how USOIL will move these two pair and commodity is intensely and inversely correlated . USOIL is directly affected by USD and CAD so this USDCAD pair is always under scrutiny as some traders talked for it inversely now pair is in a huge WXY to complete its B bigger wave . there is a blue rectangle...

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oil is now in correction phase as it is making wave 2 of its bigger 5 wave impulsive wave fears of recession and lower demand due to aggressive central bank interest rate hikes are mentioned for the sudden shift to the downside as well as reports that Iraqi crude exports have been unaffected by domestic skirmishes. These events push prices higher the previous...

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xrp is making wave 5 and its final destination is 0.2 we analysed using wave count and wolfe wave please see my previous analysis as below any comments please share tnx

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audcad is seeking for 0.88581 as its target fibo level and wolfe wave pattern along with wave count used in this analysis any comments please share tnx

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Fed Chair Jerome Powell has just delivered his speech at the Jackson Hole Symposium. In his speech, Powell highlighted the importance of the current fight against inflation. He noted that central banks must deliver low and stable inflation, aiming for price stability. Powell added that public’s expectations were an important factor. Powell added that the Fed...

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usoil is waiting for its final leg upward to complete its 5 wave and then will start its correction which could be more than 78.6% market seems to be shrugging off global recession talk this week with the focus primarily on supply issues. But the upside momentum seems to be stalling. The charts indicate there is plenty of room for the upside before the market...

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hello traders as USOIL and USDCAD is correlated heavily and inversely we can get an idea about how usoil will move based on usdcad wave structure based on the wave prediction below for loonie it is too hard to believe that at least for some while see bearish move . i think that we should change our mind about continuation of downwad move for wti if we look...

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usdcad is in a huge correction as WXY before its rally starts as this pair is so correlated with usoil so we are keeping eye on it to get better view on WTI for now usdcad is moving up to complete X leg around 1.3111 and then will head south for completing Y leg towards 1.2592 any comments please share

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wave 2 of wave V of wave C of wave Y seems to be finished after retraces 61.8% fibo level of its previous wave 1. i changed slightly wave count today after the rally happened yesterday made wave 2. Crude oil prices jumped higher yesterday after hitting a six-month low on a steeper-than-expected drawdown in U.S. crude stocks. Additionally, in a sign of strong...

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Crude oil was under pressure at the start of the week as bleak economic data from top crude buyer China renewed concerns of a global recession and the market monitored talks on a reviving deal that would allow more Iranian oil exports. The early weakness was compounded after disappointing Chinese economic data renewed concerns of a global recession that would be...

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China: Gloomy Refinery Numbers from China Indicate Lower Demand Iran :Traders are taking no chances on Monday and selling crude oil futures ahead of Iran’s decision to accept or reject the latest proposal from the European Union to revive the 2015 nuclear deal. An acceptance of the terms of the agreement would remove sanctions on Iranian oil exports, leading to...

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a continuation pattern is seen on the chart for bearish move for oil dip toward the bottom of the channel .price came back into channel after false breakout that is coincides with our elliot wave count . out targets for this bearish move is as follows tp1 :90$ tp2 :87$ tp3: 82.5$ Oil prices plunged around 2% on Friday, on expectations that supply disruptions...

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Last week, crude oil prices fell sharply on fears that rising inflation and interest rates will hit economic growth and demand for fuel. The playing field changed this week to the better, however, after softer-than-expected U.S. inflation data drove down the odds of a super-sized Fed rate hike in September and the IEA released a report that called for higher...

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hello traders a new update of usoil one hour chart is here as a technical view but as fundamental view fed rate hikes tend to drive down demand. And its worries about lower demand that are weighing on crude oil prices. However, the selling pressure is likely to be limited because the supply outlook is still tight. The key support area on the September WTI crude...

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we are in middle of ABC correction and now USOIL is completing wave C with a 5 wave correction if we go to upper timeframe we will see that USOIL is in a WXY correction which two earlier parts are complete and now we are waiting for last leg to be completed then we will see another 3 wave any comments please share