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Crude Oil Suggests A Reversal Down – Elliott wave analysis
August 20th, 2020
Crude oil is trading in a wedge pattern from end of June, which is known as an Elliott wave ending diagonal. We are tracking final stages of a sub-wave v of 5 being made, so be aware of limited ...
GBPAUD May Continue Lower After a Recovery – Elliott wave Update
August 19th, 2020
GBPAUD is in a downtrend, as we see a sharp fall in impulsive price activity from 2.085 high. We are tracking a so-called impulse, a move that is structured by five waves, where two of them are corrections: ...
An unexpected systemic crisis is for sure
August 18th, 2020
Downturns in bank credit expansion always lead to systemic problems. We are on the edge of such a downturn, which thanks to everyone’s focus on the coronavirus, is unexpected. We can now identify 23 March as the date ...
Can USDMXN Break Out Of A Triangle?
August 17th, 2020
USDMXN is trading sideways since the beginning of June and it looks like it is forming a big, bearish Elliott wave triangle in wave IV that can send the price even lower for wave V, but seems like one ...
SMPs are a great career choice for accountants of the future
August 17th, 2020
Digital transformation and access to a network of talent are at the core of any successful small and medium-sized accountancy practice (SMP). Talent also has the potential to completely evolve and transform the accountancy profession. ACCA (the Association of ...
LTCUSD In A Temporary Pause – Elliott wave analysis
August 12th, 2020
LTCUSD is recovering with five waves, up from end of June. We see waves i, ii and iii completed so far, so latest pullback can be part of a corrective wave iv, that can look for support/bullish turn at ...
Gold at $2k+. So why the fuss?
August 10th, 2020
There appears to be no way out for the bullion banks deteriorating $53bn short gold futures positions ($38bn net) on Comex. An earlier attempt between January and March to regain control over paper gold markets has backfired on ...
Elliott wave analysis: Copper in An Uptrend
August 5th, 2020
Copper can be unfolding a bigger, five-wave recovery, up from March of nineteen of 2020. Now price can be trading into final stages of a higher degree wave 3 of a bullish cycle, up from 2.364 level, so be ...
The Eurozone’s financial disintegration
July 31st, 2020
Introduction The Euro Crisis Monitor (above) shows the increasing imbalances in the TARGET2 settlement system between all its members: the ECB (itself with a €145bn deficit) and the national central banks in the Eurozone. Other than minor differences reflecting ...
The pound’s future in a dollar collapse
July 28th, 2020
In recent articles for Goldmoney I have pointed out the dollar’s vulnerability to a final collapse in its purchasing power. This article focuses on the factors that will determine the future for sterling. Sterling is exceptionally vulnerable to ...
