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USDTRY has witnessed a dramatic fall from record highs at the back end of 2020. Sinking to a 6-month low, prices now test the lower $7 region with momentum firmly resting to the downside. Prices attempted to test the long-term resistance…
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The GBPUSD formation hints to a bullish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary degree pattern is part of a triangle wave e. At the time of writing, the first four waves are fully complete. The last wave Ⓩ is only half the way through.…
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Did you know that Aussie hit an 11-year bottom on the back of coronavirus-inflicted flows? Risk-on appetite has shifted dramatically, but many analysts still see 65c. as the major saver. However, we don't! Our Head of Investment…
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The current formation hints to a zigzag pattern consisting of intermediate sub-waves (A)-(B) -(C). Sub-waves (A) and (B) are fully completed. Wave (A) is a 5-wave impulse, and wave (B) is a triple zigzag. Currently, we can see wave…
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Last week’s highlights New Zealand economy rebounds in third quarter New Zealand's economy rebounded in the third quarter, making a sharp V-shape recovery. Official data showed that the Gross domestic product increased 14% in the three…
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USDCAD or USD/CAD is shorthand for the pair composed of the United States Dollar and Canadian Dollar. Often it's called trading the "loonie," as that is a slang term for the Canadian currency. While CAD trades with other currencies, its the…
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The precious metal has been posting declines for three consecutive weeks so far. Price action closed at 1703.12 on Friday, marking a nine-month low. The declines accelerated after gold failed near the key support area of 1800. Looking at…
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“Sell in May and Go Away” has been a trading strategy followed by many for years now. What has commonly been observed is that the months of July and August tend to be slow for not just the forex markets, but stocks as well. Even commodities…
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Tomorrow, we have the release of the latest US jobs data, NFP Release and Market Impact. As the markets are closed for Good Friday, the data won't have an immediate effect. The US Federal Government, however, continues working, and that…
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The current USDCNH formation hints at a large zigzag of a cycle degree. This recently completed the bearish correction b which took the form of a triple zigzag. On the 1H timeframe, the final part of correction b, and the bearish impulse…
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ফরেক্স মার্কেট বিশ্বের সবচেয়ে বড় মার্কেট। এই মার্কেটের ট্রেড ভলিউম বিশাল যা কিনা অন্য কোন ফাইন্যানশিয়াল মার্কেটে দেখা যায় না। যদিও এই মার্কেটে প্রবেশ করা খুবই সহজ কিন্তু টিকে থাকা তার থেকেও কঠিন। এই মার্কেটে টিকে থাকতে হলে আপনাকে অবশ্যই…
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Tomorrow's ECB meeting is expected to be something of a challenge for the members of the monetary policy committee. There is quite a bit of market expectation on what they will say. So, we could have some extra volatility in the euro…
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There are, of course, entire books and months-long courses on how to become a stock analyst. But let's cut through most of the promotional stuff, and have a look at the core tools that will put you on the way to being a pro at stock…
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The martingale strategy is an old betting strategy that's largely gone the way of powdered wigs and horse-drawn carriages. However, it's worth a mention because different incarnations of it keep resurfacing among people trying to impress…
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