Forex Trading Blog and Market Insights

USOIL Triple Zigzag or Double Three?

Roman Onegin Apr 19, 2023 83 0

There is a high probability that a long-term corrective trend has ended for USOIL. This trend took the form of a primary triple zigzag consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. In the last section of the chart, we can see a market reversal…
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Technical Analysis

Intraday Analysis – USD consolidates gains 19-04-2023

Jing Ren Apr 19, 2023 91 0

USDCAD bounces off critical floor The Canadian dollar retreats as the annual CPI showed a deceleration last month. The pair is still holding on to the February’s lows around 1.3300 with traders buying the dip in this major demand zone.…
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Fundamental Analysis

UK Inflation and What the BOE Will Do About it

Daniel John Grady Apr 18, 2023 895 0

At the moment, there is a 65% chance that the BOE will raise rates by another quarter of a point at its next meeting. What could substantially change those expectations, and cable with them, is CPI coming in different from current…
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Technical Analysis

DXY: We Are Waiting For The Final Wave Of The Bearish Double ZigZag!

Roman Onegin Apr 18, 2023 103 0

It seems that DXY is building a triple zigzag pattern, which consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ have been completed. The actionary wave Ⓨ is a double zigzag, the second intervening wave Ⓧ is a standard…
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Technical Analysis

Intraday Analysis 18.04.2023

Jing Ren Apr 18, 2023 97 0

AUDUSD seeks support The Australian dollar bounced after the RBA minutes showed that another rate hike was considered. On the daily chart, the price is still in a flag-shaped consolidation following its break below this year’s low of…
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Fundamental Analysis

China Q1 GDP and Global Outlook

Daniel John Grady Apr 17, 2023 110 0

China will report its much anticipated Q1 GDP growth figures tomorrow, along with a couple of other figures that would otherwise be market moving. China is the first major world economy to report its GDP for this cycle, and investors could…
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Technical Analysis

AMZN: Minute Impulse Likely To Complete Bearish Trend

Roman Onegin Apr 17, 2023 76 0

AMZN in the long term suggests the formation of a bearish correction b, it has the form of a zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree. As a few weeks ago, we see a continuation of the depreciation of stocks in the final intermediate wave 5…
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Technical Analysis

Intraday Analysis – USD claws back losses 17-04-2023

Jing Ren Apr 17, 2023 99 0

EURUSD seeks support The US dollar rallies as Fed officials insist on the need to continue hiking rates. A decisive break above this year’s high of 1.1030 has put the euro back on track after two months of consolidation. A bullish…
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Technical Analysis

The Week Ahead – Investors look into earnings for clues

Jing Ren Apr 17, 2023 73 0

GBPUSD awaits inflation catalyst The higher beta pound edged higher supported by improved global market sentiment. The rate differential has tilted in the pound’s favour after market participants bet on an end to the Fed’s tightening…
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Technical Analysis

Intraday Analysis 14.04.2023

Jing Ren Apr 14, 2023 184 0

GBPUSD continues higher Sterling advanced after an upward revision to January's growth in Britain. The pair has held well following its break above the double top at 1.2440 on the daily chart with 1.2350 established as a solid support. A…
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