The EURUSD structure hints at an impulse consisting of primary sub-waves ①-②-③-④-⑤.
Wave ⑤ is not yet complete as we are currently in the final part of the specified impulse.
The uptrend is expected to end with the currency pair set… Read More
USDNOK has been on a downward streak from the back end of 2020 as prices fell to multiple-year lows. Bears have looked to maintain the trend, however, a hint of exhaustion has crept in.
A bounce at the mentioned lows has seen a slight… Read More
USDJPY or USD/JPY is the abbreviation used for the pair of currencies made up of the United States Dollar and the Japanese Yen.
Colloquially, it's often referred to simply as trading the "yen" (though of course, the yen trades with other… Read More
You've likely seen ads for MetaTrader 5, the latest version of the most popular forex trading application out there.
Designed to be an upgrade from MetaTrader 4, it has the latest features, and the manufacturer is quite keen to get… Read More
CADJPY or CAD/JPY is the symbol used for the currency pair consisting of the Canadian Dollar and the Japanese Yen. One of the lesser-known crosses, it doesn't have a nickname. The value shows how many Japanese yen (the quote currency) are… Read More
Forex trading may seem like a daunting task for beginners. It can be difficult to source reliable information, and a major portion of information sites charge money too. Here are some good resources for new forex traders to help kickstart… Read More
The GBPUSD cycle trend shows that the last wave e of the global triangular figure has come to an end.
At the time of writing, we are at the beginning of constructing a new bearish impulse wave of the intermediate degree.
Impulse wave… Read More
To paraphrase a famous writer, "Forex can change your life. But for the better? Well…"
There are lots of articles talking about the risks of forex trading. But, when it comes to the question of changing your life, you really want to know… Read More
Heikin Ashi, is the Japanese name for a type of Candlestick pattern which slightly differs from how price is calculated and represented. The main difference between the Heikin-Ashi Candlesticks and the traditional candlesticks is that… Read More
It’s been another mostly quiet week so far for crude prices.
The oil market has been fairly stagnant over the last few weeks as traders await fresh directional catalysts, keeping oil trading within a fairly tight range.
However, there… Read More
Yesterday, the Fed announced their taper in line with expectations, right down to downplaying the potential for a hike coming soon.
They did acknowledge that inflation was a problem though. This means that the markets' attention is… Read More
In today’s advanced ElliottWave analysis Gregor dives into the five most interesting opportunities for the week ahead!
Watch how he analyses equities, FXMajors, and commodities and discover how he applies EW principles to come up with… Read More
Automated day trading is probably one of the most exciting things for day traders in the forex community. It offers traders the option to build a mechanical trading system; one that doesn't require human intervention and one that can, of… Read More
Liquidity crisis is often synonymous with a financial crisis. After all, when liquidity dries up, the flow of money becomes difficult. When the flow of money becomes difficult, the world can literally come to a standstill.
Thus, the… Read More
Covid has had a major impact on the markets; but, what about traders?
Obviously, the pandemic provided a series of challenges and opportunities, so what are some of the improvements we could pick from the last year or so of trading?… Read More
Even a casual look at the quarterly reports that have been coming out during the latest earnings season shows that inflation is looming.
Many companies report that they are seeing increasing prices from their suppliers, and are actively… Read More
Technical analysis can sometimes be seen as an easier approach to forex trading than fundamental analysis.
But, truth be told, there is quite a bit of a learning curve to it.
Many forex traders who are just starting out find it… Read More
The current EURUSD structure hints at the formation of a large primary corrective wave ④.
The primary wave ④ seems to be a simple bearish zigzag including the intermediate sub-waves (A)-(B)-(C).
Waves (A) and (B) have ended whereas… Read More
After being closed yesterday, US markets will have a shortened trading session today. But a further distortion could come from many of the big traders deciding that coming into the office for half a day isn't worth it, and taking the long… Read More