Technical Analysis

EURUSD struggles as economy loses steam The euro treads water as the eurozone shows signs of a downturn. The economic outlook across the bloc remains dim and may continue to weigh on market sentiment. Business activity has noticeably…
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GBPUSD consolidates The pound treads water as the BoE warns of a recession after raising rates by 50 bps. The rebound came to a halt at 1.2300, a major resistance from the daily chart. A bearish RSI divergence already showed a slowdown…
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The Bank of England is tipped for its biggest rate hike in 27 years as inflation soars. UK inflation hit a new 40-year high of 9.4% in June as the cost of living crisis deepens. Pound pairs across the board will in full focus as…
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USDJPY bounces back The US dollar clawed back losses as services PMI exceeded expectations. A bullish RSI divergence indicates a loss of momentum in the sell-off. The pair bounced off the demand zone around 130.50 at the start of the…
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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…
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The SPX500 index seems to be forming a large impulse trend. Most likely, the primary wave ③, which is part of the cycle impulse V, is currently under development. It is a bullish impulse consisting of intermediate sub-waves…
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AUDUSD over-extends The Australian dollar tumbles as the RBA’s downbeat outlook may signal a slowdown in future rate hikes. The rally came to a halt in the vicinity of the daily resistance at 0.7050. A bearish RSI divergence showed a…
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Gold turns positive for the fifth straight session as it closes in on the $1800 region. Recession fears and further Fed hikes seem to cause a turnaround in the dollar. With NFP predictions looking bleak, will this be another cause for…
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The current stock structure on the 1H timeframe hints at the formation of a bearish corrective trend. This takes the form of a cycle triple zigzag w-x-y-x-z. On the chart we see the completed actionary wave y. This has the form of a…
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EURUSD finds support The US dollar continues to retreat as profit-taking goes on ahead of nonfarm payrolls. The latest rally found support over 1.0100 after it cleared 1.0200. A series of higher lows indicates mounting buying pressure…
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