Forex Trading Blog and Market Insights

USDJPY Primary Wave Ⓩ To Equal Wave Ⓨ

Roman Onegin Mar 30, 2023 103 0

For the USDJPY currency pair, the market continues to form a bearish trend. The trend takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ, in which the sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ are completed. Wave Ⓧ is a double zigzag consisting of intermediate…
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Technical Analysis

Intraday Analysis – USD seeks support 30-03-2023

Jing Ren Mar 30, 2023 102 0

GBPUSD pulls lower High beta Sterling inches higher over easing concerns about the banking sector turmoil. A break above the recent high of 1.2330 confirms that the buy side still retains control of the direction. The pair is advancing…
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Technical Analysis

Surfing the Waves with Gregor Horvat 29-03-2023

Gregor Horvat Mar 29, 2023 98 0

In todays 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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Fundamental Analysis

China March PMIs And the Slowing Global Economy

Daniel John Grady Mar 29, 2023 313 0

Chinese stocks got a boost overnight on news that could have a broader reach through the tech sector. Alibaba announced its plans to transform into a holding company, splitting its units into six, independently-run entities. Each one of…
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Webinars

Join our NFP Live webinar! 7-04-2023

Orbex Mar 29, 2023 107 0

Get ready to trade the NFP LIVE with our leading experts! Join our resident US market specialists, David Kindley and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on April 7, 2023. Back…
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Technical Analysis

EURUSD Triangle Completion Leads to Bearish Impulse!

Roman Onegin Mar 29, 2023 90 0

EURUSD continues to form the correction wave IV inside the large-scale impulse. This Cycle correction wave is a primary double zigzag Ⓦ-Ⓧ-Ⓨ. The actionary leg Ⓦ has ended. A bearish corrective intervening wave Ⓧ could now be developing.…
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Technical Analysis

Intraday Analysis 29.03.2023

Jing Ren Mar 29, 2023 123 0

USDCHF sees little bounce The US dollar struggles as risk appetite returns amid banking optimism. On the daily chart, a drop below 0.9170 and a bearish MA cross suggest that the bias is still downbeat after a four-month long sell-off.…
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Fundamental Analysis

EU Feb Inflation Preview: Finally Lower?

Daniel John Grady Mar 28, 2023 100 0

The end of the week could be pivotal for the Euro, as data releases build up for the announcement of flash March CPI from the shared economy. At the same time, EuroStat will announce the latest unemployment figures. The ECB's rate hike…
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Technical Analysis

Dollar Struggles as Recession Fears Hit!

David Kindley Mar 28, 2023 81 0

Dollar pairs across the board have seen a slide against its main competitors. EURUSD has moved over the 1.08 area, whilst Cable attempts to confirm its position above 1.23. With recession fears and the banking crisis still looming, is…
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Technical Analysis

XAUUSD Bullish Zigzag Pushes Past $2k!

Roman Onegin Mar 28, 2023 194 0

In the medium term, gold is expected to form a double zigzag. This consists of sub-waves Ⓦ-Ⓧ-Ⓨ inside the cycle wave z. Waves Ⓦ-Ⓧ have already ended and the third sub-wave Ⓨ is currently under development. Wave Ⓨ could be a…
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