2022

AUDUSD attempts to rebound The Australian dollar finds support from upbeat RBA meeting minutes. A break above 0.6790 has prompted some sellers to cover their bets, easing the downward pressure for now. The former resistance has turned…
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Orbex Announces Q3 Market Outlook Webinar It’s been a turbulent first half of the year with surging inflation, central-bank tightening, an ongoing Russia/Ukraine conflict and runaway energy and food prices. The question on everyone’s…
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Tomorrow we get the release of the final June CPI figures for the Euro Area. Since we already had the preliminary numbers at the start of the month, it's much less likely to catch the market by surprise. But, there could be a lot more…
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With Bitcoin still consolidated, another test at the $22k is coming up again. Resistance here would confirm another move to the downside as analysts prepare for another $3k move. With Ethereum seemingly breaking out of its range, will…
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The XAUUSD formation hints at a global correction pattern that takes the form of a cycle triple zigzag. The current chart shows the internal structure of the bearish cycle intervening wave x. This looks completed in the form of a…
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NZDUSD tests supply zone The New Zealand dollar bounces higher after Q2 CPI exceeded expectations. Despite a choppy price action, general sentiment remains downbeat. Trend followers have been eager to sell into strength. The latest…
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EURUSD softens as ECB hikes lag behind The euro hovers over parity as the ECB is expected to kick off its tightening cycle this week. The ECB will likely deliver a 25 bp increase next week but may have limited impact on the single…
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The cryptocurrency space has seen a choppy price action for the last few sessions. Even though we have witnessed an upshift, analysts remain skeptical that Bitcoin still has not found a bottom level. With Bitcoin falling more than 70%…
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There has been quite a shift in the markets over the last couple of days. Understanding that will help us understand why we should be paying very close attention to the yield curve right about now. On Wednesday, the US reported higher…
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The current structure of the AUDUSD pair suggests the formation of a zigzag a-b-c. This currently includes a bearish correction b and consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last section of the chart shows the structure of the…
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