Forex Trading Blog and Market Insights

DXY Bearish Trend Begins!

Roman Onegin Sep 12, 2022 438 0

The current chart of the DXY index shows the completion of the global corrective trend. This took the form of a triple zigzag consisting of cycle waves w-x-y-x-z. Thus, the market is currently at the reversal stage, which is forming…
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Technical Analysis

Intraday Market Analysis 12.09.2022

Jing Ren Sep 12, 2022 354 0

USDCAD tests key support The Canadian dollar stalled after a surprise rise in unemployment in August. The pair has met stiff selling pressure at the July peak (1.3200). A fall below the consolidation range at 1.3070 caused leveraged…
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Technical Analysis

The Week Ahead – Global super-sized hikes give dollar breathing room

Jing Ren Sep 9, 2022 534 0

GBPUSD hits 30-month low as recession looms The pound suffers from a symptom of high inflation and high interest rates. Expectations of steep rate hikes by the BoE fails to impress traders who tend to shy away from risk assets.…
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Fundamental Analysis

UK Data Ahead of the BOE Meeting Next Week

Daniel John Grady Sep 9, 2022 554 0

Editor's note: On Friday, the BOE announced it would delay the MPC meeting by one week due to the death of Queen Elizabeth II; the meeting will be held at the same time on Sept 22. Earlier this week, cable dropped to lows not seen…
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Technical Analysis

USOIL Intermediate Correction Hints to a New Impulse

Roman Onegin Sep 9, 2022 603 0

USOIL suggests the development of the final part of the global impulse wave a of the cycle degree. The 1H timeframe shows the final primary wave ⑤ which takes the form of an intermediate impulse. An intermediate correction (4) in…
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Technical Analysis

Intraday Market Analysis 09.09.2022

Jing Ren Sep 9, 2022 483 0

NZDUSD tests resistance The New Zealand dollar recovers from dips as risk appetite makes its return. The pair came under pressure after it tanked below the daily support at 0.6060. With the RSI in the oversold zone, bargain hunters…
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Webinars

Important Calculations in Forex Trading – 19/9 Live Webinar

Orbex Sep 9, 2022 445 0

Don’t miss your chance to join our live webinar “Important Calculations in Forex Trading” on Monday, September 19, 2022. Designed to teach you the most basic concepts of forex trading, this exclusive webinar with leading Market…
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Fundamental Analysis

Upcoming China inflation and Commodity Demand

Daniel John Grady Sep 8, 2022 716 0

Earlier this week, the PBOC made a "surprise" announcement cutting the reserve requirement ratio (RRR) for banks. The "surprise" is in quotes, because even though it wasn't pre-announced, the economic situation was such that a lot of…
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Technical Analysis

Pound Hits 37-Year Low as Yen Also Suffers!

David Kindley Sep 8, 2022 496 0

The dollar surged to a 24-year peak against the yen and a 37-year high versus sterling yesterday. Europe and the UK look like they are headed for a challenging couple of months, with recession very likely for both economies. Investors…
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Technical Analysis

XAUUSD Cycle Wave z Tests $2K!

Roman Onegin Sep 8, 2022 549 0

The current structure of the XAUUSD pair hints at a global correction pattern. This takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x. This ended as a…
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