2022

EURUSD rallies along trend line The euro steadies ahead of the ECB interest decision today. On the daily chart, the pair is heading to last May’s high of 1.0800 after bouncing off 1.0300 on the 20-day moving average. Zooming into the…
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The consensus among economists is that the ECB will hike by another 50bps. But there is this unusual situation where the ECB has its rate decision right after the Fed (and members will be meeting at the same time as the BOE). As the US is…
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A closer look at the 1H timeframe shows that the NZDUSD market has already completed the formation of a cycle actionary wave y. In the last section of the chart, we can see the formation of a new bullish trend. The primary wave Ⓐ…
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XAUUSD breaks to higher range Gold popped higher following a deceleration in US CPI last month. After a rally above the August high of 1805, a brief consolidation saw support at 1765 right over the 20-day moving average. As the trading…
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Usually, we have all the key data points ahead of an FOMC decision to make a better evaluation of what could happen. But this time, the most important data for the Fed will be released during the first day of their meeting, later today.…
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In the long term, GBPJPY seems to be forming a global corrective trend that takes the form of a double zigzag. On the 1H timeframe, the final actionary wave y of the cycle degree is visible. It seems that the wave y takes the form of…
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USDCAD tests key resistance The Canadian dollar struggles over plunging oil prices amid demand concerns. On the daily chart, the outlook remains positive and crossing moving averages may suggest a potential acceleration to the upside.…
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Don’t miss your chance to join our live webinar “Trading Stocks Online” on Monday, December 19, 2022.  Learn how to start trading the world’s biggest company stocks with this exclusive webinar by leading Market Strategist David Kindley,…
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The BOE meets on Thursday, where its broadly expected to hike rates by another 50bps, and signal that further hikes might be necessary. Here's why, and how the market might react: Economic data hasn't been as bad as expected The BOE and…
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