NicolaiIta

Q: Why do candlesticks seem to reflect human emotion? A: Candlesticks represent buying and selling activity, which is directly influenced by human psychology. Fear, greed, and hesitation are all reflected in price action, creating patterns that show sentiment. These patterns become predictable, whic

NASDAQ E-Mini Futures (NQ) appears to be extending the bullish sequence from October 2022. Will the sequence finish soon and lead to a big sell-off across the US indices? While the sequence persists, where should traders eye the next opportunity? The NQ chart is very clear. After the markets r

In this technical article we’re going to take a quick look at the Elliott Wave charts of Dollar Index (DXY) published in members area of the website. As our members are aware, the DXY is currently showing impulsive bullish sequences in the cycle from the September low. As a result, we are leaning to

Here is what you need to know on Monday, January 20: The US Dollar (USD) stays on the back foot to start the week as investors gear up for Donald Trump's second inauguration. Meanwhile, stock and bond markets in the US will be closed in observance of the Martin Luther King Jr. Day holiday on Monday.

USDJPY moved slightly to the upside on Friday, but it was mostly just a spike, despite higher US yields which raises the question of whether the pair is starting to lose momentum. The price action clearly shows a potential five-wave move up from the December lows, which could now be ready to complet

Canadian Prime Minister Justin Trudeau said on Sunday that Canada is ready to respond with counter-tariffs against the United States if President-elect Donald Trump follows through on his threat to start a trade war in North America, per Bloomberg. Key quotes “As we did last time, we are ready to re

The unemployment rate fell for Black women in December, following an alarming increase in the figure for November. Overall, nonfarm payrolls grew much more than expected in December, rising 256,000 in the month and topping economists' prediction for a gain of 155,000, per Dow Jones. The unemployment

The pound and gilts have found some respite after a substantial – albeit orderly – selloff. The UK Treasury’s pledge to stick to fiscal rules means more potential pain for sterling down the road, but it should allow some stabilisation in the short term. Elsewhere, we see upside risks for the dollar

European markets struggle for direction. TSMC earnings highlight strong demand for AI stocks. US jobs report set to dominate. A mixed start in Europe has seen indices largely treading water on a day that will be dominated by a US jobs report that poses a fresh risk in the face of growing inflationar