The NZDUSD pair hints to a bullish triple zigzag. The structure consists of five sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ of a primary degree. The first three parts are completed with the market moving to a bearish intervening wave Ⓧ. A standard zigzag… Read More

One of the more common recurring myths is that the stock market is basically some kind of gambling. It's a common trope in movies and TV shows. But the only way gambling is involved is that several gambling companies have shares that are… Read More

Shares in US payments firm, Visa, are trading 0.43% lower pre-market on Friday. However, the stock has remained broadly well supported following a positive Q2 earnings report at the end of last month. It has seen the company’s share price… Read More

From a long term perspective, the GBPJPY’s failed bid to push out of the Ichimoku cloud eyes a downturn. This is despite currently trading with an upside bias. The momentum indicator currently hints at a divergence to a shift in the… Read More

Dollar Takes a Step back After Recent Optimism The US Index saw a slight progression as the weekly unemployment claims drop below one million for the first time since March. However, this could not prevent the Index from closing above… Read More

Gold The yellow metal has seen plenty of volatility this week. A steep sell-off earlier in the week saw price peeling away from recent all-time highs. However, the dip quickly found buyers and price has managed to stem those earlier… Read More

The precious metal is seen rising from the three-week low it hit earlier this week. Price action is currently up over one percent intraday as it approaches the 1967 level where we might see some resistance building up. A close above this… Read More

Oil prices are holding steady despite fresh EIA forecasts released on Thursday. The data showed a lower demand for crude oil for this year. But the commodity has brushed aside the report. With 42.00 cleared, we could expect price to… Read More

The British pound sterling is back on track to retest the resistance level near the 1.3122 region once again. This comes as price action has made a gradual lift off from the lower end near the 1.3000 level earlier in the week. But the… Read More

The euro currency pared losses as it is on track to close with bullish gains for the second trading day. Price action has recovered quite a bit after slipping to the support area near the 1.1714 level. However, we see that the trend… Read More