Forex Trading Blog and Market Insights

Intraday Analysis 07.04.2023

Jing Ren Apr 7, 2023 79 0

USDCAD struggles to bounce The Canadian dollar finds support from lower jobless rate in March. On the daily chart, the pair has found some support in the demand zone (1.3400) from the mid-February rally. A series of higher lows…
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Fundamental Analysis

US NFP: Will Analysts Get It Right This Time?

Daniel John Grady Apr 6, 2023 87 0

The release of US March NFP this time around is going to be unique for a couple of reasons. First, as a reminder, it's happening on Easter Friday when markets are closed. Any potential reaction would have to wait until Monday's Asian…
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Technical Analysis

Surfing the Waves with Gregor Horvat 06.04.2023

Gregor Horvat Apr 6, 2023 115 0

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…
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Technical Analysis

AUDUSD Double or Triple Zigzag? 06-04-2023

Roman Onegin Apr 6, 2023 176 0

In the long term, AUDUSD seems to be forming a global correction b of the cycle degree. This takes the structure of the primary double zigzag Ⓦ-Ⓧ-Ⓨ. As part of the actionary wave Ⓨ, the intermediate correction (B) has ended as a…
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Technical Analysis

Intraday Analysis 06.04.2023

Jing Ren Apr 6, 2023 107 0

NZDUSD seeks support The New Zealand dollar jumped after an unexpected 50-basis point rate hike from the RBNZ. The latest surge came to a halt in the demand-turned-supply zone 0.6380-0.6390, suggesting that there is still strong enough…
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Fundamental Analysis

Canada March Jobs Figures

Daniel John Grady Apr 5, 2023 93 0

There are two key fundamental aspects that are pushing the USDCAD in opposite directions. Which one is stronger and which will win out will depend on the evolution of both economic data and political events. Therefore, we could see some…
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Technical Analysis

AAPL Sideways Correction Tests Previous Resistance

Roman Onegin Apr 5, 2023 83 0

The structure of AAPL shares suggests the formation of a correction pattern taking the form of an a-b-c cycle zigzag. Correction b is under development. Most likely, it will end as a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It…
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Technical Analysis

Intraday Analysis – GBP resumes uptrend

Jing Ren Apr 5, 2023 92 0

GBPUSD breaks major resistance The pound soars as BoE Chief Economist hints at more rate hikes. A climb over the double top at 1.2430 from December and January’s highs on the daily chart forced sellers to cover, further driving up…
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Fundamental Analysis

Trump Indictment: Potential Market Implications?

Daniel John Grady Apr 4, 2023 121 0

There has been wall-to-wall news coverage around the world of Trump's pending arrest later today. The media has been tracking his plane from Florida to New York with more attention than NORAD's reports of the whereabouts of Santa on…
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Technical Analysis

Will WTI Hold Above $80?

David Kindley Apr 4, 2023 88 0

Oil has started consolidating after a bull rally saw prices hit a 2-month high. The OPEC surprise cut in output is still being digested by traders, as the weekend gap has pushed the black gold over $80. With the elevated levels and…
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