Forex Trading Blog and Market Insights

GBPUSD Cycle Wave y Hints At Double Zigzag

Roman Onegin Oct 26, 2021 483 0

The current structure of the GBPUSD pair suggests a large cycle double w-x-y zigzag in the long term. It is likely that the cycle intervening wave x has come to an end. It consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ and has the form of a double…
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Fundamental Analysis

Australia Q3 CPI and a Return to Growth?

Daniel John Grady Oct 26, 2021 852 0

Australian covid cases might have finally reached a peak. Particularly with the 7-day moving average of cases finally trending downwards for the first time since the "third wave" started. This could mean that there is a chance of…
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Technical Analysis

Intraday Market Analysis – USD Sees Limited Rebound 2021-10-26

Jing Ren Oct 26, 2021 333 0

USDCHF tests resistance The US dollar inched higher after Fed Chairman Jerome Powell commented that it was time to taper. A bearish MA cross on the daily chart weighs on overall sentiment. Nonetheless, the pair has found some buying…
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Stocks

StockWatch: AMEX Rallies as Economy Rebounds!

David Kindley Oct 25, 2021 281 0

American Express topped estimates as the company benefited from an acceleration in consumer spending. The downturn in travel and entertainment sectors that had been hit hard earlier in the pandemic are seemingly recovering. Shares of…
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Technical Analysis

SPX500 Has Primary Wave ③ Ended?

Roman Onegin Oct 25, 2021 489 0

The current SPX500 formation suggests the construction of a large bullish impulse that consists of primary sub-waves. At the time of writing, the primary wave ③ is under development. Intermediate sub-waves (1)-(2)-(3)-(4)-(5) marked this…
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The End of the US Housing Bubble?

Daniel John Grady Oct 25, 2021 4,727 0

On Thursday, traders were a little surprised, if not disconcerted, following the third-quarter earnings report from Tri Pointe Homes. This is one of the US major home builders, and although they had relatively good overall earnings there…
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Italiano

Nuovi Massimi Storici In Vista Per L’Azionario

Fabio Michettoni Oct 25, 2021 516 0

DAX Fut. (DE30): Stop Sulle Resistenza Di Breve S2: 14,790 S1: 15,185 R1: 15,770 R2: 16,000 Nulla cambia per Il DAX future, che dopo aver recuperato quota 15,200, intercettata da importanti riferimenti regressivi, chiude la…
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Technical Analysis

Intraday Market Analysis 25.10.2021

Jing Ren Oct 25, 2021 407 0

GBPUSD to test critical resistance The sterling hit the brakes after the UK’s retail sales fell for the fifth month in a row in September. The pair has been inching up towards the hurdle on the daily chart (1.3900). The RSI’s…
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Fundamental Analysis

Can Facebook’s Name Change Move the Stock?

Daniel John Grady Oct 22, 2021 411 0

Social media was abuzz on Wednesday after The Verge broke a story that Facebook was planning to change its name as part of a rebranding strategy. Technically, it wouldn't be the first time that the company changed its name, since it…
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Fundamental Analysis

Podcast: What’s Next for the Dow?

David Kindley Oct 22, 2021 455 0

The Dow has been in the spotlight for the past few trading sessions. Not only has it hit the 35K handle, but the index is also pushing for record highs once again. With American job numbers looking good, retail sales in positive…
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