How Does Black Friday Affect the Markets?

After being closed yesterday, US markets will have a shortened trading session today. But a further distortion could come from many of the big traders deciding that coming into the office for half a day isn’t worth it, and taking the long weekend. Usually, this […]

Intraday Market Analysis: USD Pulls Back

USDJPY breaks support The Japanese yen recouped some losses after November’s Tokyo CPI rose to 0.5%. A bearish RSI divergence signaled a slowdown in the upward momentum. A break below 114.90 confirmed weakness in the rally and prompted buyers to close their bets. As the […]

XAGUSD Will the Price of XAGUSD Rise to 26.81?

The formation of silver involves the development of a cycle triple zigzag w-x-y-x-z. In the current chart, we see the final part of the bearish wave y, followed by a price increase in the intervening wave x. The bullish intervening wave x could take the […]

StockWatch: Nordstrom Falls 27% With Mixed Q3 Results!

Nordstrom shares fell 27% after the American retailer reported mixed Q3 results, significantly missing earnings expectations. Despite more customers returning to the physical stores, supply-chain disruptions continue to negatively impact the company’s profitability. Deere & Co shares jumped by 5% after the company issued stronger-than-expected […]

Australia Retail Sales and the Next RBA Rate Hike

There is a significant discrepancy between three key groups that are important to traders when it comes to the future of the AUDUSD. The market appears to be pricing in a rate hike as early as next year. Analysts are insisting that it will be […]

USDCAD: Impulsive Trend Could Weigh On Prices

The formation of the USDCAD currency pair suggests the development of a large correction trend. This takes the form of a standard Ⓐ-Ⓑ-Ⓒ zigzag. At the end of October, the downward movement of the market ended within the primary correction Ⓑ. This took the form […]

Intraday Market Analysis – USD Keeps High Ground

USDCHF tests key resistance The US dollar consolidates gains after the FOMC minutes signaled for rate hikes if inflation stays high. A bullish MA cross on the daily chart is strong evidence for an upbeat sentiment. The pair is testing last September’s peak at 0.9365. […]

StockWatch: Biden Demands Inquiry into Big Oil Firms!

US President Joe Biden has called on the FTC to investigate whether the country’s biggest oil companies are engaged in potentially illegal conduct. And that in turn is resulting in higher prices for Americans. Biden said there was mounting evidence of anti-consumer behaviour as gasoline […]

How Many Indicators Should You Use When Trading Forex?

When beginner traders start exploring a good trading platform, they probably are a bit daunted by all the different indicators that are available. The most popular trading platform MT4 comes with a standard several dozen. How do you know which ones to use? Are they […]

AUDUSD Triple Zigzag Hints At Bullish Growth

The AUDUSD currency pair suggests the development of a bearish intervening wave x of the cycle degree. It hints at a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, a bullish intervening wave Ⓧ is formating, taking the form of an intermediate double (W)-(X)-(Y) zigzag. […]