Forex Trading Blog and Market Insights

XAUUSD Impulse to Test $2k!

Roman Onegin Aug 19, 2022 719 0

The internal XAUUSD structure suggests a global correction pattern, which takes the form of a cycle triple zigzag. On the current chart, we see the structure of the bearish cycle intervening wave x. This looks completed in the form…
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Technical Analysis

Intraday Market Analysis – USD bounces higher 19-08-2022

Jing Ren Aug 19, 2022 567 0

EURUSD breaks demand zone The US dollar surged over fewer jobless claims last week. A fall below 1.0200 has weighed on sentiment, invalidating the latest bounce. The former support has turned into a resistance. The euro’s failure to…
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Technical Analysis

Surfing The Waves With Gregor Horvat 18.08.2022

Gregor Horvat Aug 18, 2022 605 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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Technical Analysis

Dollar Cautious as Fed Plans More Rate Hikes!

David Kindley Aug 18, 2022 502 0

The Federal Reserve indicated they likely would continue with their rate hikes until inflation came down substantially. They did not provide specific guidance for future increases, but early indications pointed to a half-point rate hike…
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Fundamental Analysis

July Retail Sales for UK, Canada

Daniel John Grady Aug 18, 2022 601 0

Retail sales have become a bellwether of the economy, and consequently for the movement of currencies. Additionally, they can swing market sentiment, particularly if it's a major economy that's reporting. Tomorrow there are two currency…
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Technical Analysis

AUDUSD Bears Pulling Prices to 0.645

Roman Onegin Aug 18, 2022 573 0

The current structure of the AUDUSD pair indicates an a-b-c zigzag, which currently includes a complex bearish correction b. Wave b consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last section of the chart shows the structure of the…
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Technical Analysis

Intraday Market Analysis 18.08.2022

Jing Ren Aug 18, 2022 525 0

NZDUSD breaks support The New Zealand dollar weakened despite a 50bp hike by the RBNZ as risk sentiment fades. The pair hit resistance at 0.6460 and has given up most of its recent gains. A drop below 0.6300 at the base of last week’s…
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Technical Analysis

Bitcoin and Ethereum Maintain Bull Run!

David Kindley Aug 17, 2022 565 0

Bitcoin has remained in a bull trend after touching the $25k barrier in recent sessions. After falling over 35% from its yearly peak, the cryptocurrency now eyes a recovery. Ethereum was also in the spotlight after the recent…
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Fundamental Analysis

Last EuroZone Inflation Data Before ECB Meeting

Daniel John Grady Aug 17, 2022 486 0

The ECB won't meet until September 8th, which is before the next release of inflation data. Meaning that they will likely be deciding monetary policy on the data that comes out tomorrow. And this could be a pretty big deal, because…
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Technical Analysis

AMZN Primary Impulse Ⓐ Nears Completion!

Roman Onegin Aug 17, 2022 478 0

The current AMZN structure shows a zigzag that consists of sub-waves a-b-c of the cycle degree. Since the end of last year, there has been a decline in prices. This could indicate the beginning of the construction of a bearish…
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