Forex Trading Blog and Market Insights

USDJPY Has the Intervening Wave Ⓧ Ended?

Roman Onegin Dec 9, 2021 1,107 0

In the current structure of USDJPY a large triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ is developing. Most likely, the four parts of this triple zigzag have ended. The last actionary wave Ⓩ is currently under development.…
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Technical Analysis

Intraday Market Analysis 09.12.2021

Jing Ren Dec 9, 2021 453 0

USDCAD tests key support The Canadian dollar inched lower after the BOC left its interest rate unchanged as expected. The pair has met stiff selling pressure at the supply zone around 1.2850, a triple top on the daily chart. A drop…
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Stocks

StockWatch: Pfizer Under Pressure with Omicron!

David Kindley Dec 8, 2021 435 0

A research team has found that the Pfizer vaccine has 40 times fewer antibodies available for fighting the omicron variant. The Omicron variant has now been detected in 19 US states, and nearly 50 countries worldwide. With the top…
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Technical Analysis

XAUUSD Another Test At $1900?

Roman Onegin Dec 8, 2021 1,239 0

The current XAUUSD formation suggests that the market has completed the construction of a cycle intervening wave x. It took the form of a primary double zigzag. After the completion of wave x, the development of the cycle wave z…
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Fundamental Analysis

China’s Inflation and the Impact on Global Currencies

Daniel John Grady Dec 8, 2021 1,554 0

The general turnaround in risk sentiment this week has largely been attributed to the latest studies pointing to the omicron variant being less virulent than prior variants. But what also gave the market a push early on Monday was the…
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Technical Analysis

Intraday Market Analysis 08.12.2021

Jing Ren Dec 8, 2021 432 0

EURUSD seeks support The euro bounced higher after the bloc’s Q3 GDP beat expectations. A previous rebound was capped by the 20-day moving average, suggesting that the bearish sentiment still prevails. The RSI’s double top in the…
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Technical Analysis

Surfing the Waves with Gregor Horvat 07.12.2021

Gregor Horvat Dec 7, 2021 1,320 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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Stocks

StockWatch: EBAY Turns Pandemic into Success!

David Kindley Dec 7, 2021 364 0

Shares of eBay have surged more than 30% this year, whilst PayPal has tumbled by more than 20%. The companies have had a wildly different 2021 as both of them look to boost revenue into the holiday season. eBay now accepts Apple Pay…
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Technical Analysis

EURUSD Bearish Trend Could End At 1.0880

Roman Onegin Dec 7, 2021 469 0

The current EURUSD formation suggests the construction of a cycle double zigzag that consists of sub-waves w-x-y. On the 1H timeframe, we can see the final part of the bearish intervening wave x of the cycle degree. This takes the…
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Has Omicron Changed Central Banks’ Response to Covid?

Daniel John Grady Dec 7, 2021 2,147 0

Conventional wisdom so far is that as the pandemic puts pressure on the economy, central banks would keep up the stimulus. The immediate market response in the wake of the omicron variant discovery was to react in accordance with that…
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