2019

USDCAD seems to be forming a cycle degree wave (x), consisting of primary waves Ⓦ, Ⓧ and Ⓨ. Waves Ⓦ and Ⓧ are completed, whereas Ⓨ is still under development. Since wave Ⓨ is only formed halfway through up the time of writing in the…
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Forex traders who are just starting out and want to get into technical FX trading can be a bit overwhelmed by the dizzying array of indicators available. Each one has its own complications, pros, and cons. And it can certainly take some…
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The week ahead will be a quiet one, with economic data taking a backseat. In terms of significant events, only the meeting minutes from the ECB and the Federal Reserve stand out. Canada’s inflation data is due in the middle of the week…
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Equity markets posted strong gains on Friday and especially in the final few hours of trading. The gains came as the economic advisor to the White House, Lawrence Kudlow said that there was progress being made. The comments come in a…
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We talked about USDCHF a few sessions back. The current formation hints to a double zigzag pattern consisting of primary waves Ⓦ-Ⓧ and Ⓨ. Waves Ⓦ and Ⓧ were fully completed at the 0.9665 low, whereas wave Ⓨ is more than halfway through…
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A frequent thought among forex traders is how much money could they make through forex trading. There's a realistic scenario, of course, but there's also the theoretical upper limit of possibilities. If you got really ambitious and tried…
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The notion of what constitutes a "stable" currency is a little different for every forex trader because it can have different implications depending on their trading style. For most people, when you ask about the stability of a currency,…
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The US Federal Reserve President Jerome Powell continued with this second day of testimony to Congress. The Fed chair is optimistic that the rate cuts from the central bank will help to revive growth in the United States. Speaking to…
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We talked about the primary ending diagonal pattern forming on SPX500 a couple of weeks ago. It consists of primary waves ①-②-③-④-⑤ with the last wave currently in development. The particular structure suggests that the uptrend could end…
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