Forex Trading Blog and Market Insights

GBPJPY: Did the Correction in Wave Four End?

Roman Onegin Apr 15, 2020 1,136 0

The GBPJPY structure shows a corrective bearish trend consisting of minor sub-waves A-B-C. Wave A is a 5-wave bearish impulse, whereas wave B is a triple zigzag consisting of primary sub-waves ⓦ-ⓧ-ⓨ-ⓧ-ⓩ.The impulse wave C is currently…
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Technical Analysis

Brent Oil Falters along with WTI

Tahir Khan Apr 15, 2020 1,433 0

Brent oil is tracking WTI's move lower, trading under the $28 handle for the day so far. The weekly chart above paints a good picture. After finding a bottom at the $21.64 level, brent made an impressive rally and tested the $36.11…
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Fundamental Analysis

How Bad is Australia’s Employment Situation?

Daniel John Grady Apr 15, 2020 350 0

Unemployment figures are likely going to be the key to assessing the longer-term impact of the coronavirus lockdowns. While companies can restart operations fairly quickly on a technical basis, the loss of qualified personnel means that…
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Italiano

Borse Su, In Disaccordo Con Lo Sconquasso Economico

Fabio Michettoni Apr 15, 2020 759 0

GOLD (XAUUSD): Overshooting In Esaurimento S2: 1,685.08 S1: 1,705.48 R1: 1,745.72 R2: 1,787.10 I prezzi dell’Oro stanno inanellando in sequenza nuovi massimi dopo aver recuperato quota 1,703 e riagganciato quota 1,750.…
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Technical Analysis

XAUUSD pulls back from 7-year highs

Orbex Apr 15, 2020 265 0

Gold prices are pulling back right rising to fresh 7-year highs at 1747.00. This comes following a gradual rally over the past few sessions. In the short term, the 1700 level is likely to be tested for support. But if prices slip…
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Technical Analysis

Oil drops over 5%, fails to capitalize on production cuts

Orbex Apr 15, 2020 265 0

WTI Crude oil prices are down by over 5% on Tuesday. This comes just a day after Russia and Saudi Arabia agreed to production cuts. The declines indicate that oil traders are brushing aside the production cuts. Price is slipping…
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Technical Analysis

GBPUSD gains after breakout of the upper range

Orbex Apr 15, 2020 230 0

Price action in GBPUSD saw prices pushing slightly higher. This comes following a rather weak upside breakout on Monday. GBPUSD was trading flat in the past few sessions within the 1.2485 and 1.2277 levels. However, with momentum…
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Technical Analysis

EURUSD Failing to Breakout higher

Orbex Apr 15, 2020 241 0

The euro is posting only some modest gains on Tuesday as price rose over 0.50% intraday. Following the breakout off the previous pivot highs near 1.0947, the euro stretched the gains to highs of 1.0971 before pulling back slightly.…
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Technical Analysis

USOIL: 5th Wave Underway Now!

Roman Onegin Apr 14, 2020 436 0

The USOIL structure shows a bearish impulse consisting of waves ①-②-③-④-⑤. The impulse is part of a cycle degree a-b-c correction. The first four parts of the primary degree pattern seem fully completed. At the time of writing,…
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Technical Analysis

Surfing the Waves with Gregor Horvat 2020-04-14

Gregor Horvat Apr 14, 2020 221 0

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