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Technical & fundamental forex analysis, articles, news, trader perspectives, systems, strategies, education, psychology, tips, tools, resources...
2022-06-13 08:39
EURUSD seeks support The US dollar surged after May’s inflation beat expectations. The previous rebound’s failure to clear the supply area around 1.0760 indicates that the path o… Read More
2022-05-25 07:23
The current chart of the SPX500 index shows the development of a major impulse trend. It is assumed that the primary wave ③, which is part of the cycle impulse V, is currently under de… Read More
2022-05-19 10:46
USDCAD attempts to rebound The Canadian dollar softened after a slowdown in April’s CPI growth. The US dollar is seeking support after it broke above December’s high at 1.2960. T… Read More
2022-05-18 10:06
At their last meeting, the RBA caught most economists by surprise, raising interest rates by 25bps to an unusual level of 0.35%. Most analysts expected no move, and those who did, figured th… Read More
2022-05-18 07:44
AMAZON shares show the formation of a zigzag consisting of sub-waves a-b-c of the cycle degree. In the last section of the chart, we see a decrease in the price, which could indicate the beg… Read More
2022-05-17 09:19
The XAGUSD pair hints at the development of a long correction wave b of the cycle degree. Wave b, judging by the shape, is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Th… Read More
2022-05-16 07:31
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… Read More
2022-05-16 07:23
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 sentim… Read More
2022-05-13 08:12
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 cam… Read More
2022-05-13 07:45
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 i… Read More
2022-05-13 05:59
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… Read More
2022-05-12 08:42
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 practi… Read More
2022-05-12 07:24
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 tha… Read More
2022-05-12 07:17
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… Read More
2022-05-11 10:43
USOIL shows the development of the final part of the global impulse wave of the cycle degree. The final primary wave ⑤ takes the form of an intermediate impulse. In early April, an int… Read More
2022-05-10 10:31
Tomorrow, we get the release of inflation rates from the two largest economies in the world. Both are set to provide differing perspectives on what is ultimately the same problem. Besides th… Read More
2022-05-10 07:10
The current AUDUSD structure indicates that the market is forming a cycle zigzag a-b-c. This currently includes a bearish correction wave b and consists of primary sub-waves Ⓦ-Ⓧ… Read More
2022-05-09 11:52
For the last month, the Euro has been getting weaker against its major trading partners. The EURUSD took a particularly strong move lower after the ECB failed to substantially change its mon… Read More
2022-05-09 10:19
The USDCNH formation hints at a zigzag consisting of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The last primary wave Ⓒ of this correction pattern takes the form of an intermediate 5-w… Read More
2022-05-09 09:24
EURUSD consolidates The US dollar climbed after better-than-expected NFP in April. The euro is licking its wounds after it broke March 2020’s lows near 1.0640. The price is seeking sup… Read More
2022-05-03 13:16
The internal structure of BABA shares suggests the formation of a global correction pattern. In fact, this takes the form of a cycle triple zigzag w-x-y-x-z. At the time of writing… Read More
2022-05-03 13:12
99% of economists agree that the Fed will raise rates by 50 basis points. The remaining 1% say it will be by 75 basis points. With such a strong market consensus, it’s unlikely that th… Read More
2022-05-03 13:10
EURUSD sees further downside The euro continues to weaken over growth concerns in the eurozone amid the war in Ukraine. A tentative break below 1.0500 further put the euro under pr… Read More
2022-04-29 14:30
Get ready to trade the NFP LIVE with a seasoned analyst! Our resident market strategist David Kindley will be going live to give you exclusive insights into this month’s non-farm payro… Read More
2022-04-29 14:29
GBPUSD tumbles amid fears of recession The pound plunges as fears of an economic slowdown in Britain take hold amid a cost of living crisis. The Bank of England has adopted a softer tone rec… Read More
2022-04-29 14:27
Yesterday, markets got a bit of a surprise as US Q1 GDP was reported at -1.4% on an annualized basis. This was well below the 1.0% growth expected. Various news agencies provided headlines t… Read More
2022-04-29 14:25
The internal structure of the NZDUSD pair hints at a cycle zigzag pattern that consists of sub-waves a-b-c. On the chart, we see the end of a large correction wave b of the cycle d… Read More
2022-04-29 14:24
USDJPY breaks higher The yen nosedived after the Bank of Japan vowed to keep its interest rates ultra-low. The dollar’s surge above the top range (129.30) of the recent consolidation f… Read More
2022-04-20 12:35
Tomorrow we get European CPI figures, which usually don’t move the market. That’s because we get each constituent country’s CPI figures earlier, so there isn’t much o… Read More
2022-04-20 12:32
In the long term, the GBPJPY pair seems to be forming a large correction trend, taking the form of a triple zigzag. On the 1H timeframe, the final actionary wave z of the cycle deg… Read More
2022-04-20 12:31
EURUSD consolidates post-sell-off The US dollar rallies as a 75bp rate hike by the Fed could be on the table. The single currency remains under pressure after last week’s sell-off. 1.0… Read More
2022-04-19 13:35
Calling all beginner Forex traders! We’ve put together a comprehensive webinar dedicated to teaching you how to trade the financial markets! Next Tuesday, April 26th our seasoned marke… Read More
2022-04-19 13:32
For those following central bank policy, the rise of bond yields around the world is imminent. These have a profound impact on financial markets, especially forex. There is a general push by… Read More
2022-04-19 13:06
The current structure of the USDCAD currency pair indicates the construction of a large correction wave IV. This is part of the global cycle impulse. This correction consists of su… Read More
2022-04-19 13:05
GBPUSD tests critical floor The US dollar continues upward as markets wager a 50 bp Fed hike next month. The pound’s latest rally came to a halt in the supply zone around 1.3… Read More
2022-04-18 10:36
All last week, crude prices trended higher after bouncing off the $100/bbl handle. Despite the extended holiday, there has been some interesting news that could drive the market. One of the… Read More
2022-04-18 10:34
The internal AAPL structure suggests the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. At the lev… Read More
2022-04-15 14:04
USDJPY rallies over widening rate gap The Japanese yen hit a 20-year low against the US dollar as traders buy into a hawkish Fed. Low yield currencies have been lagging behind as the US cent… Read More
2022-04-15 14:02
Earlier this month, the Bank of America’s research department sent a note to clients suggesting that the next month or so could be a bright spot for US equities. Broadening out the ana… Read More
2022-04-15 13:59
USDCNH suggests the construction of a large bearish impulse that consists of primary sub-waves ①-②-③-④-⑤. On the current chart, we see a correction movemen… Read More
2022-04-15 13:58
EURUSD breaks key support The euro fell after the ECB insisted that there is no rush to raise interest rates. The price has given up all gains from the March rebound. Even though a… Read More
2022-04-14 13:58
On Wednesday, China reported its March trade balance data. Normally, it has a minor impact on markets, as it is related primarily to the Asian giant’s trade partners. However, this tim… Read More
2022-04-14 13:55
AUDUSD suggests the formation of a large impulse of a cycle degree that consists of primary sub-waves ①-②-③-④-⑤. The current chart shows the internal struc… Read More
2022-04-14 13:54
USDCAD tumbles towards daily support The Canadian dollar surged after the BOC’s aggressive rate hike of 50bp. The pair’s recovery came under pressure at 1.2670. A… Read More
2022-04-11 09:46
Over the weekend, it emerged that Tesla CEO Elon Musk would not be taking a seat on Twitter’s board of directors. And that is quite significant. Musk announced he had bought a 9.2% sta… Read More
2022-04-11 09:44
The current GBPUSD structure suggests a correction decline within the major trend. This takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. A bearish… Read More
2022-04-11 09:43
USDJPY consolidates gains The US dollar rallies as the 10-year Treasury yield hits a three-year high. Price action has been treading water after it bounced off 121.30. The RSI shot back into… Read More
2022-04-11 09:41
EURUSD falls over hesitant ECB The euro softens over stark policy divergence from hawkish FOMC minutes. Soaring energy prices have pushed inflation in the eurozone to a record high of 7… Read More
2022-04-07 09:53
Yesterday, WTI Crude closed below $100/bbl for the third time since the start of the Russia-Ukraine war. Unsurprisingly, the USDCAD has been rising over the last couple of days as crude repr… Read More
2022-04-07 09:50
The internal structure of the NZDUSD pair hints at a cycle zigzag pattern that consists of three main sub-waves a-b-c. On the 1H timeframe, we see the end of a major correction wav… Read More
2022-04-07 09:48
USDCAD attempts to rebound The US dollar rallied after FOMC minutes showed the central bank’s plan to reduce its balance sheet. The pair found support at 1.2400 after the RSI… Read More
2022-04-06 14:04
In early March, the FTSE 100 reached a post-pandemic high, practically recovering all of the losses from the prior two years. This was something of a milestone for the index, which had been… Read More
2022-04-06 14:02
The current SPX 500 structure in the 1H timeframe shows the formation of a large impulse trend. The primary wave ③, which is part of the cycle impulse V, is currently under d… Read More
2022-04-06 14:01
AUDUSD breaks major resistance The Australian dollar soared after the RBA signaled higher interest rates later this year. The pop above the daily resistance at 0.7550 has put the A… Read More
2022-04-05 10:02
Last Friday, traders got something of a worrying sign – and then kind of shrugged it off. The yield differential between the 2 year and 10 year US treasury bonds inverted for the first… Read More
2022-04-05 10:00
The current AMZN structure suggests the construction of a simple zigzag consisting of sub-waves a-b-c of the cycle degree. The first major wave a, which includes primary sub-waves… Read More
2022-04-05 09:59
USDJPY consolidates gains The US dollar gains on the prospect of more sanctions on Russia. On the daily chart, the RSI’s overbought condition led to profit-takings as the bulls be… Read More
2022-04-04 11:50
The AUDUSD has remained relatively flat the last couple of weeks, despite ongoing appreciation in the commodity prices. The Aussie hasn’t been able to capitalize on the general inflati… Read More
2022-04-04 11:48
The structure of the USDCHF pair suggests that the cycle wave y has ended. This was followed by the cycle intervening wave x. The intervening wave x takes the form of a primary dou… Read More
2022-04-04 11:46
EURUSD seeks support The US dollar rallied after March’s average hourly wages jumped by 5.6%. The euro came to a halt in the supply zone at the origin of the March sell-off (1.1180). A… Read More
2022-04-01 12:45
AUDUSD awaits RBA outlook The Australian dollar consolidates recent gains ahead of the RBA meeting. The labor market is going strong with unemployment projections to hit 60-year lows later t… Read More
2022-04-01 12:43
The headlines from the OPEC+ meeting yesterday were that the cartel agreed to keep its policy steady. And technically, that is true. The Organization agreed to raise production (specifically… Read More
2022-04-01 12:39
The internal structure of BABA shares suggests the construction of a large bullish zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree. At the time of writing, the price is at the… Read More
2022-03-30 13:30
China is experiencing an uptick in covid cases, so it’s not surprising that this will have an impact on the economy. The question is, how much? This is particularly relevant for commod… Read More
2022-03-30 13:27
The current DXY structure hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. The intervening wave x ended, in a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ… Read More
2022-03-30 13:21
Get ready to trade the NFP LIVE with a seasoned analyst! Our resident market strategist David Kindley will be going live to give you exclusive insights into this month’s non-farm… Read More
2022-03-30 13:19
USDCHF tests support The US dollar edged lower as traders ditched its safe-haven appeal. The pair met strong support at 0.9260 over the 30-day moving average. A break above the immediate res… Read More
2022-03-15 12:00
Firstly, let’s get this out of the way: the Fed is going to raise rates at the conclusion of their two-day meeting tomorrow. 98.3% of experts agree that the FOMC will decide… Read More
2022-03-15 11:58
EURUSD assumes the construction of a downward correction pattern. This takes the form of a triple zigzag of the primary degree, consisting of sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ… Read More
2022-03-15 11:57
EURUSD struggles to rebound The US dollar bounces across the board as the Fed may possibly raise interest rates on Wednesday. The pair found support near May 2020’s lows arou… Read More
2022-03-14 13:01
What’s happening On Wednesday, Russia is scheduled to make its first major payment on foreign debt since the start of the war. Many analysts are suggesting that because of the sanction… Read More
2022-03-14 12:58
The stock index SPX500, as a few weeks ago, formed a major impulse trend. At the moment, the primary wave ③, which is part of the cycle impulse V, is under development. It is a bu… Read More
2022-03-14 12:56
USDCAD struggles for support The Canadian dollar surged after a sharp drop in February’s unemployment rate. A break above the recent peak at 1.2875 has consolidated the US dollar&rsquo&hell…Read More
2022-03-11 15:38
USDJPY rises as BOJ stays dovish The Japanese yen softens as global uncertainty takes a toll on its economy. Japan’s high dependency on energy and raw material imports means that surgi… Read More
2022-03-11 15:36
Last night, Goldman Sachs issued a note to clients, downgrading their forecast for the US GDP growth to 2.9% from 3.1% prior. However, that wasn’t the headline that got most… Read More
2022-03-11 15:34
In the long term, the AMZN structure shows a simple zigzag consisting of sub-waves a-b-c of the cycle degree. The first major wave a is a bullish impulse consisting of primary sub… Read More
2022-03-11 15:33
NZDUSD consolidates gains The New Zealand dollar inched higher supported by roaring commodity prices. A break above the daily resistance at 0.6890 has put the kiwi back on track in the mediu… Read More
2022-03-10 10:52
Usually, when there is a move towards safe havens, commodity currencies take a bit of a hit. So, traders might be a little surprised to see that the AUDUSD has generally been trading higher… Read More
2022-03-10 10:50
The current structure of ALIBABA shares suggests the construction of a large bullish Ⓐ-Ⓑ-Ⓒ zigzag of the primary degree. At the moment, prices are at the end of t… Read More
2022-03-10 10:49
EURUSD bounces back The euro rallies on news that the EU may issue a joint bond to fund energy and defense. The pair found bids near May 2020’s lows (1.0810). An oversold RSI… Read More
2022-03-09 10:06
Up until about two weeks ago, there was a pretty strong consensus that the ECB would take the first step towards monetary policy normalization at tomorrow’s meeting. That’s when… Read More
2022-03-09 10:04
The structure of USDCHF hints that at the end of November, the actionary wave y of the cycle degree ended. This was followed by a cycle intervening wave x. The intervening wave x t… Read More
2022-03-08 15:35
While everyone has been focused on the horrors of the war in Ukraine, the potential economic fallout has been a little ignored. There have been some passing mentions of the wheat p… Read More
2022-03-08 15:30
The structure of the DXY index suggests the development of a large triple w-x-y-x-z zigzag of the cycle degree. At the level of 94.593, the construction of the cycle intervening wa… Read More
2022-03-08 15:29
USDCAD breaks higher The US dollar bounces back as traders pile into safer currencies at the expense of commodity assets. The previous rally above the supply zone at 1.2800 has prompted sell… Read More
2022-03-07 11:25
The current AAPL structure suggests the development of the primary fifth wave, taking the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. Wave ⑤ is… Read More
2022-03-07 11:23
Overall, there is a correlation between the stock market and currency markets. Usually, when a country’s stock market increases, its currency decreases, and vice versa. But we are in e… Read More
2022-03-04 16:10
EURUSD falls as the prospect of rate hike fades The euro tumbles as traders cut their ECB rate hike wager. A dovish statement from the central bank is expected this week as the war at the ga… Read More
2022-03-04 16:07
Since the beginning of February, the spot price of gold has been moving higher. Generally, when the expectation is for interest rates to go up, the price of gold drifts down. But, the concer… Read More
2022-03-04 16:05
The current structure of the USDCAD indicates the formation of a bullish zigzag Ⓩ. This consists of sub-waves (W)-(X)-(Y) and it’s a double zigzag. Wave Ⓩ is part… Read More
2022-03-03 14:34
Last month’s NFP figures took everyone by surprise, coming in well above even the most optimistic expectations. It was one of many factors contributing to speculations that the Fed wou… Read More
2022-03-03 14:31
USOIL looks at a global upward impulse wave a of the cycle degree. This consists of primary sub-waves ①-②-③-④-⑤. After the end of the primary correction wa… Read More
2022-03-03 14:29
EURUSD sees limited bounce The euro retreats as the ECB may dial back normalization amid the Ukraine crisis. A fall below the daily support at 1.1130 was an invalidation of the February rebo… Read More
2022-03-02 14:47
The GBPJPY currency pair is moving within a cycle impulse. Now the third part of this impulse is under development. We can assume that the correction wave ④ of the primary de… Read More
2022-03-02 14:45
The EURUSD is down 250 pips from the start of the year. But since early February it has taken a turn lower, which significantly accelerated after Russia invaded Ukraine. The next major suppo… Read More
2022-03-02 14:44
XAUUSD grinds rising trendline Gold recovered after the first round of peace talks between Ukraine and Russia ended without a resolution. The precious metal found support… Read More
2022-03-01 15:07
Today we have OPEC’s Joint Ministerial Committee meeting. But the real potential market-moving event could be the end of the OPEC meeting tomorrow. With brent refusing to fall below th… Read More
2022-03-01 15:04
AUDUSD seems to be forming a bearish triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. At the time of writing, a bullish intervening wave Ⓧ is developing. This can take the f… Read More
2022-03-01 15:03
USDCHF struggles for support The Swiss franc rallies as new sanctions against Russia trigger a flight to safety. The pair has met stiff resistance in the supply area (0.9290). Then a drop be… Read More
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