Technical Analysis By Roman Onegin On Apr 17, 2023 AMZN in the long term suggests the formation of a bearish correction b, it has the form of a zigzag Ⓐ-Ⓑ-Ⓒ of the primary degree. As a few weeks ago, we see a continuation of the depreciation of stocks in the final intermediate wave 5 of (5) o.....

Technical Analysis By Jing Ren On Apr 17, 2023 EURUSD seeks support The US dollar rallies as Fed officials insist on the need to continue hiking rates. A decisive break above this year’s high of 1.1030 has put the euro back on track after two months of consolidation. A bullish extension may s.....

Technical Analysis By Jing Ren Last updated Apr 17, 2023 GBPUSD awaits inflation catalyst The higher beta pound edged higher supported by improved global market sentiment. The rate differential has tilted in the pound’s favour after market participants bet on an end to the Fed’s tightening ca.....

Technical Analysis By Jing Ren On Apr 14, 2023 GBPUSD continues higher Sterling advanced after an upward revision to January’s growth in Britain. The pair has held well following its break above the double top at 1.2440 on the daily chart with 1.2350 established as a solid support. A close ba.....

VideoTechnical Analysis By Gregor Horvat On Apr 13, 2023 In today’s advanced #ElliottWave 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 ...

VideoTechnical Analysis By David Kindley On Apr 13, 2023 Gold managed to maintain the $2,000 level as bulls look for another run to the upside. The bias for the yellow metal is still solid as the impact of deceleration in America shows inflation could stay for longer. The early session ha...

Technical Analysis By Jing Ren On Apr 13, 2023 The USDCHF pair most likely forms a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The final primary wave Ⓩ can end in the form of a standard intermediate zigzag (A)-(B)-(C). Wave (A) is a 5-wave bearish impulse and wave (B) has a horizontal internal structure.....

Technical Analysis By Jing Ren On Apr 13, 2023 USDCHF breaks lower The US dollar tumbled over cooling inflation in March. The price action has remained under pressure after it dropped below the daily support of 0.9070. A limited rebound saw stiff selling pressure at 0.9120 with a shooting sta.....

Technical Analysis By Roman Onegin Last updated Apr 12, 2023 The USDCNH pair is building a double zigzag w-x-y of the cycle degree. On the current chart, we see that the intervening wave x has ended in the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It is assumed that the initial par.....

Technical Analysis By Jing Ren On Apr 12, 2023 EURUSD bounces back The euro inched higher as retail sales across the bloc beat expectations in March. After bouncing off the daily swing low of 1.0540 the single currency is striving to resume its uptrend from last November. The latest pullback .....

VideoTechnical Analysis By David Kindley On Apr 11, 2023 Bitcoin has pushed over $2k since the start of the week as bulls enter the market. This caps off a $10k push MoM since the start of the banking crisis. Are we now heading for a correction, or will the crypto currency topple the $35k...

Technical Analysis By Roman Onegin On Apr 11, 2023 The current chart shows that NZDUSD in the long term could form a corrective zigzag pattern consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The first impulse wave Ⓐ has ended. A bearish correction wave Ⓑ is under development which is similar to a zigzag (.....

Technical Analysis By Jing Ren On Apr 11, 2023 GBPJPY bounces back The Japanese yen softened as the new BoJ governor Ueda pledged to stick to the ultra-loose policy. The pound is probing the support-turned-resistance of 166.00 from last December’s sell-off, with a couple of shooting stars on .....

VideoTechnical Analysis By David Kindley On Apr 10, 2023 The gold price has extended the correction after the $2k level was broken. Investors are anticipating a rebound in US inflation figures on Wednesday. This comes after solid labor figures during the NFP result, which boosted the gree...

Technical Analysis By Roman Onegin On Apr 10, 2023 For the USDCAD currency pair, a triple zigzag with cycle waves w-x-y-x-z is emerging. At the time of writing, the final actionary sub-wave z is forming. This could be a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the sub-waves Ⓦ-Ⓧ are formed. Now the .....

Technical Analysis By Jing Ren On Apr 10, 2023 USDJPY attempts to bounce The US dollar strengthens as March’s jobs data shows solid fundamentals. The price action is at a crossroads on the daily chart, with a bearish MA cross suggesting an acceleration to the downside on the one hand and a te.....

Technical Analysis By Jing Ren On Apr 7, 2023 EURUSD rises on solid economic recovery The euro edges higher as sturdy fundamentals may allow the ECB to stay hawkish. Judging by the latest PMIs, business activity in the euro zone continues to recover, mostly across service sectors. Decent econ.....

Technical Analysis By Roman Onegin On Apr 7, 2023 We talked about the SPX500 index a few weeks ago. Today we see that the market continues to develop a major impulse consisting of sub-waves I-II-III-IV-V, or rather its final part. It is assumed that the cycle correction IV was completed in th.....

Technical Analysis By Jing Ren On Apr 7, 2023 USDCAD struggles to bounce The Canadian dollar finds support from lower jobless rate in March. On the daily chart, the pair has found some support in the demand zone (1.3400) from the mid-February rally. A series of higher lows indicates mounting .....

VideoTechnical Analysis By Gregor Horvat Last updated Apr 6, 2023 In today’s advanced ElliottWave 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 t...

Technical Analysis By Roman Onegin On Apr 6, 2023 In the long term, AUDUSD seems to be forming a global correction b of the cycle degree. This takes the structure of the primary double zigzag Ⓦ-Ⓧ-Ⓨ. As part of the actionary wave Ⓨ, the intermediate correction (B) has ended as a triple zigzag .....

Technical Analysis By Jing Ren On Apr 6, 2023 NZDUSD seeks support The New Zealand dollar jumped after an unexpected 50-basis point rate hike from the RBNZ. The latest surge came to a halt in the demand-turned-supply zone 0.6380-0.6390, suggesting that there is still strong enough selling pre.....

Technical Analysis By Roman Onegin On Apr 5, 2023 The structure of AAPL shares suggests the formation of a correction pattern taking the form of an a-b-c cycle zigzag. Correction b is under development. Most likely, it will end as a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It seems that at .....

Technical Analysis By Jing Ren On Apr 5, 2023 GBPUSD breaks major resistance The pound soars as BoE Chief Economist hints at more rate hikes. A climb over the double top at 1.2430 from December and January’s highs on the daily chart forced sellers to cover, further driving up volatility. This.....

VideoTechnical Analysis By David Kindley Last updated Apr 4, 2023 Oil has started consolidating after a bull rally saw prices hit a 2-month high. The OPEC surprise cut in output is still being digested by traders, as the weekend gap has pushed the black gold over $80. With the elevated le...

Technical Analysis By Roman Onegin On Apr 4, 2023 The 1H timeframe shows a bearish trend is forming for BABA shares. Currently, the actionary wave y and the second small intervening wave x ended as double zigzags. The formation of the final actionary wave z will take the form of a primary zig.....

Technical Analysis By Jing Ren On Apr 4, 2023 USDJPY pulls back The US dollar slipped after a slowdown in last month’s manufacturing PMI. On the daily chart, the pair continues to hold well above the psychological level of 130.00. A rally above 133.00 is an encouraging sign, prompting more se.....

Technical Analysis By Roman Onegin On Apr 3, 2023 In the long term, a large wave y can be built on the GBPJPY pair as a triple zigzag. The final sub-wave Ⓩ is formed and is similar to a double zigzag. Perhaps two sub-waves (W) and (X) are constructed. The last actionary wave (Y) is currently .....

Technical Analysis By Jing Ren On Apr 3, 2023 EURUSD seeks support The US dollar may struggle over slower consumer spending growth in February. On the daily chart, after securing bids in the demand zone around 1.0500, a bullish MA cross is a sign of acceleration to the upside. Zooming into th.....

Technical Analysis By Jing Ren On Mar 31, 2023 AUDUSD slips as RBA to pause tightening The Australian dollar drifts lower as a slowdown in consumption supports the case for a rate pause. Data show that households are feeling the pinch of tighter monetary policy with February’s retail sales fa.....