Forex Trading Blog and Market Insights

USDCAD Intermediate Correction To End Near 1.341

Roman Onegin May 16, 2022 624 0

The USDCAD structure indicates the construction of a large correction wave IV. This is part of a global cycle impulse and consists of sub-waves Ⓐ-Ⓑ-Ⓒ. On the current chart, we see the final part of the primary impulse wave Ⓒ. Wave Ⓒ…
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Technical Analysis

Intraday Market Analysis 16.05.2022

Jing Ren May 16, 2022 642 0

USDCHF grinds higher The US dollar consolidates its gains as traders ponder whether inflation has peaked. A close above the parity, last seen in November 2019 indicates strong bullish sentiment. Trend followers have been eager to buy…
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Technical Analysis

The Week Ahead – The Big Unwind

Jing Ren May 13, 2022 669 0

USDCAD rallies as commodity currencies sunk The Canadian dollar softens as risk sentiment subsides across markets. The Bank of Canada is pursuing an equally aggressive tightening and Governor Macklem has hinted that the interest rate…
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Fundamental Analysis

The Inflation-Yield Connection and Its Impact on Forex Markets

Daniel John Grady May 13, 2022 662 0

This week we had a bit of a worrying sign in the markets that has gone largely unnoticed in the major financial news outlets. The yield on the ten-year US Treasury blipped above 3.0% and came back down. It might seem a bit arcane or not…
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Technical Analysis

DXY Triple Zigzag Hints at Major Correction

Roman Onegin May 13, 2022 610 0

The structure of the DXY index hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. At the time of writing, a cyclic actionary wave z is under construction. The internal structure of the wave z suggests a…
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Technical Analysis

Intraday Market Analysis 13.05.2022

Jing Ren May 13, 2022 584 0

GBPUSD to reach 2-year lows The pound remained under pressure after a slowdown in the UK’s GDP growth in Q1. A break below the lower range (1.2260) of a brief consolidation signalled a bearish continuation. Sterling is heading towards…
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Fundamental Analysis

Can A Recovery in US Consumption Be Expected?

Daniel John Grady May 12, 2022 632 0

The latest data from the US has been giving some mixed signals about the underlying conditions. That has increased the uncertainty about what the Fed might do at its next meeting. The practical result for us traders is that there is more…
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Technical Analysis

GBPJPY Bullish Impulse or Double Zigzag?

Roman Onegin May 12, 2022 564 0

GBPJPY seems to be forming a large corrective trend, taking the form of a triple zigzag. On the 1H timeframe, the final actionary wave z of the cycle degree is in formation. It is likely that the wave z takes the form of a simple…
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Technical Analysis

Intraday Market Analysis 12.05.2022

Jing Ren May 12, 2022 567 0

AUDUSD saw brief recovery The Australian dollar struggles as Beijing vows to support its Covid-hit economy. A drop below the psychological level of 0.7000 near this year’s low may have put the Aussie on a bearish trajectory in the…
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Technical Analysis

Surfing the Waves with Gregor Horvat 11.05.2022

Gregor Horvat May 11, 2022 521 0

In today’s advanced Elliott Wave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX Majors, and Commodities and discover how he applies EW principles to come up with…
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