Analytics

Hello traders, USDCAD is trading in a third wave of a bigger, bullish cycle which started in September of 2017. We see a sharp recovery from the 1.2953 level that can be part of a higher degree wave 3, and its five-wave structure. Wave 3 as we know is an impulse. That said, before further…

Hello traders, USD index monthly is recovering in an overlapping, seven swing movement, up from 2008, ideally unravelling a big, corrective wave B. We can see the first piece of the seven-swing move (the first A)-B)-C)) completed at a high in 2015, which was later followed by a connecting wave X). This corrective leg connects…

The novel coronavirus (COVID-19 ) which emerged in December 2019 has now killed more than 8,248 people and infected more than 205,452 people, according to data from . Markets have been roiled amid record volatility, with the VIX exceeding the levels during the financial crisis of 2008. In this article we’ll explore how the pandemic…

GBP/USD has reacted positively to a leap in inflation after weak wage data beforehand. Brexit, coronavirus, and the Fed’s minutes are set to move cable. Wednesday’s four-hour chart is showing that the double-top of 1.3070 is the next critical line. Another “buy the dip” reaction has proved profitable for pound traders. GBP/USD has been on the rise…

EUR/USD has been attempting to stabilize around the lowest since 2017. Economic divergence, coronavirus headlines and the FOMC Meeting Minutes await traders. Wednesday’s four-hour chart is pointing to oversold conditions. The “Macron Gap” has been breached – and that implies further falls for EUR/USD, even if it suffers from oversold conditions. Back in April 2017, the…

GBP/USD has been struggling as Brexit concerns accumulate. The UK jobs report and coronavirus headlines are in play. Tuesday’s four-hour chart is pointing to worsening conditions. Brexit headlines have begun biting – finally. Long days of acrimonious headlines from both sides of the English Channel have finally pushed  lower. The straw that broke the camel’s back…

EUR/USD has been struggling near 34-month lows amid coronavirus fears.  German figures and the return of US traders are set to move markets. Tuesday’s four-hour chart is pointing to further falls. When the world’s most valuable company warns of coronavirus impact – markets are unable to ignore and safe-haven assets such as the come into…

GBP/USD is holding onto gains amid hopes for fiscal stimulus. Investors are shrugging off heightened Brexit rhetoric. Monday’s four-hour chart is pointing to potential gains. When a Tory government abandons fiscal conservatism – why should pound traders remain cautious? The perceived willingness of Prime Minister Boris Johnson to open the UK’s purse strings continues having a positive…

EUR/USD has kicked off the new week under immense pressure. Coronavirus concerns and German economic weakness are set to dominate trading. Monday’s four-hour chart is pointing to further falls for the pair. EUR/USD has hit the brakes just before the cliff – but it may still accelerate and take the plunge. The world’s most popular…

EUR/USD is on a downtrend. Where will it stop? Here is their view, courtesy of eFXdata: Bank of America Global Research discusses EUR/USD technical outlook and flags a scope for a bounce towards 1.10 in the near-term, while points to 1.05 as a potential medium-term target. “EUR/USD: Bear channel and downtrend remain In our 2020 FICC…