Forex Trading Blog and Market Insights

Intraday Market Analysis 06.06.2022

Jing Ren Jun 6, 2022 398 0

GBPUSD falls back Sterling struggles as Britain’s growth outlook rattles the market. The pair sought to consolidate its gains after a break above the daily resistance at 1.2640. A fall below 1.2480 has put short-term bulls on the…
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Technical Analysis

The Week Ahead – Market Expects ECB’s Hawkish Confirmation

Jing Ren Jun 3, 2022 586 0

EURUSD recovers ahead of ECB meeting The euro bounces higher as the ECB is poised to lift its interest rate for the first time in a decade. Inflation in the euro zone further accelerated to four times the central bank's 2% target in…
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Fundamental Analysis

Understanding What Just Happened with OPEC+

Daniel John Grady Jun 3, 2022 443 0

The price of crude has been on a rollercoaster this week. But what’s most surprising is that the price shot up yesterday after OPEC+ voted to increase production. Shouldn't more production mean lower prices? Well, let's go over what…
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Technical Analysis

USOIL The Formation of The Ending Diagonal Continues

Roman Onegin Jun 3, 2022 597 0

USOIL, as in the previous trading weeks, suggests the development of the final part of the global impulse wave a of the cycle degree. Here is the making of the final primary wave ⑤. This takes the form of an intermediate impulse. In…
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Technical Analysis

Intraday Market Analysis 03.06.2022

Jing Ren Jun 3, 2022 572 0

XAUUSD breaks resistance Bullion bounces higher as the US dollar falls across the board. The price previously came to a halt near the 30-day moving average (1870). But sentiment remains upbeat as long as the base of the previous rally…
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Fundamental Analysis

US May NFP: Problems with Normalization

Daniel John Grady Jun 2, 2022 579 0

Despite having relatively low unemployment, there is a significant problem within the US labor market. The issue isn't directly the number of jobs created, as that has been well above the pre-pandemic average. Which means that once again…
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Technical Analysis

Euro Looking for Another 1.05 Test?

David Kindley Jun 2, 2022 582 0

The euro has been on a resurgence for the last few sessions as prices eclipsed the 1.06 level. However, the current oil embargo on Russia by the EU has now heightened fears of further downward growth within the euro zone. Cable is…
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Technical Analysis

GBPUSD: Has the Primary Intervening Wave Ⓧ Ended?

Roman Onegin Jun 2, 2022 662 0

GBPUSD eyes the formation of a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Perhaps…
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Technical Analysis

Intraday Market Analysis 02.06.2022

Jing Ren Jun 2, 2022 548 0

EURUSD hits resistance The US dollar recovers on upbeat manufacturing activity in May. The pair has met stiff selling pressure in the supply zone near 1.0800. A bearish RSI divergence suggests that the rally was losing steam. A drop…
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Technical Analysis

Surfing The Waves With Gregor Horvat 01.01.2022

Gregor Horvat Jun 1, 2022 561 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, FXMajors, and Commodities, and discover how he applies EW principles to come up with…
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