Forex Trading Blog and Market Insights

AUDUSD Triple Zigzag Hints at Long Term Recovery

Roman Onegin Dec 2, 2022 492 0

The AUDUSD pair is forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ in the long term. The primary wave Ⓩ is a simple zigzag (A)-(B)-(C). This zigzag's intermediate wave (B) took the form of a simple bullish zigzag A-B-C. An impulse wave (C)…
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Technical Analysis

Intraday Market Analysis 02.12.2022

Jing Ren Dec 2, 2022 438 0

NZDUSD makes higher high The US dollar continues to soften after October’s PCE showed a deceleration. The pop above the high of 0.6290 is a confirmation that the bulls are still in control after a short-lived correction. Strong…
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Technical Analysis

Surfing The Waves With Gregor Horvat 01.12.2022

Gregor Horvat Dec 1, 2022 471 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…
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Fundamental Analysis

US NFP and How the Market Could React

Daniel John Grady Dec 1, 2022 491 0

Tomorrow has the all-important release of US labor market numbers. But the Fed's Powell kind of already robbed the thunder from the release during his speech at the Brookings Institute yesterday. He basically implied that the Fed would…
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Technical Analysis

SPX500 Primary Degree Impulse Tests New Highs

Roman Onegin Dec 1, 2022 473 0

We continue to analyze the situation on the SPX500 index from the point of view of Elliott theory. A large impulse trend is being formed, consisting of sub-waves I-II-III-IV-V of the cycle degree. The first three parts of the impulse…
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Technical Analysis

Intraday Market Analysis – USD loses support 1-12-2022

Jing Ren Dec 1, 2022 424 0

EURUSD regains traction The US dollar plunged after Fed Chairman Powell signalled a slowdown in rate hikes. A close above the recent high of 1.0450 was an encouraging sign that the optimism is still prevailing. But the psychological…
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Fundamental Analysis

Global Final November PMIs and Declining Sentiment

Daniel John Grady Nov 30, 2022 422 0

Risk appetite got a bit of a boost overnight despite disappointing Chinese NBS PMI figures. Health authorities in the world's second largest economy promised to revise the way in which zero-covid policies would be enacted, and touted…
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Technical Analysis

AMZN Primary Wave Ⓐ Nears Completion 30-11-2022

Roman Onegin Nov 30, 2022 472 0

The internal structure of AMZN hints at the development of a corrective trend. This formed a zigzag which consists of sub-waves a-b-c of the cycle degree. Perhaps at the end of last year, the market completed the formation of the first…
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Technical Analysis

Intraday Market Analysis 30.11.2022

Jing Ren Nov 30, 2022 346 0

USDCHF attempts to bounce back The Swiss franc weakened after the Q3 GDP fell short of expectations. A tentative break below last August’s low of 0.9380 further put the bulls on the defensive. Multiple tests at this level show strong…
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Fundamental Analysis

EuroZone CPI and What the ECB Could Do

Daniel John Grady Nov 29, 2022 739 0

Tomorrow we get our first look at this month's inflation figures from the EuroZone. This data is critical for the shared currency because this is the data that the ECB will have when going into its interest rate decision two-and-a-half…
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