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The current XAUUSD formation hints to a 5-wave impulse consisting of cycle waves I-II-III-IV-V. Wave V consists of primary sub-waves ①-②-③-④-⑤. Currently, correction ④ seems to be forming an intermediate  (A)-(B)-(C)-(D)-(E) triangle.…
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While the traditional moving average cross over method offers a fairly decent trade set up, in times of ranging markets, the crossovers of the moving averages can get choppy resulting in quite a few losing trades. Instead of buying and…
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At their last meeting, the RBA declined to extend the yield curve control provision. For practical purposes, this amounted to a tightening of policy, because it allowed interest rates to go higher for longer-term bonds. The market…
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Ideally, this question would have a single-word answer: No. If you have a responsible broker, that's pretty much it. But, things with the forex markets are always a little more complicated than they should be. And there are some things…
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EURUSD is forming a global bullish impulse that consists of primary sub-waves ①-②-③-④-⑤. Since the beginning of 2021, the market has started to move lower in the corrective wave ④. According to its internal structure, it takes the form…
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Navigating the markets can be somewhat tricky, to say the least. Traders often speak of long working hours and high-stress levels as they tackle continuous volatility and practice those all-important trading strategies. Knowing when to…
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Technical analysis employs statistical methods to evaluate financial instruments. Additionally, it identifies trading opportunities, based on historical data of price and volume. This type of analysis is based on the assumption that the…
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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 markets lost their appetite for risk in the latter part of June. This was mainly due to reports of increased cases of COVID-19 around the world, leading to fears of another lockdown. But, whether we are heading into a second wave is…
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Traders born in November fall either under the Zodiac sign of Scorpio or are on the Scorpio-Sagittarius cusp. Blessed with a sharp intellect, they possess a flair for the extraordinary and are known to be forward thinking. This is what…
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There has been a lot of media coverage on the recent cyberattack on the Colonial pipeline in the US. So, it's understandable there will be a lot more attention on the release of the weekly EIA petroleum data tomorrow. Not just because it…
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USDCHF Surges Backed by Robust Jobs A combination of fundamental and technical factors have put the US dollar in demand lately. Last Friday’s positive NFP number may have offered the buyers more assurance, as improvement in the job…
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The Forex market has the largest volume of the world’s business, with people all over the world participating every day. Being open at all times of the day, providing a platform for the exchange of different currencies around the world, and…
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