Dow 30

Surfing the Waves with Gregor Horvat: GER30, WTI, XAUUSD & More!

In today’s advanced Elliott Wave analysis Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses equities, FX majors, and commodities, and discover how he applies EW principles to come up with his amazing forecasts! Timestamps: GER30 01:50 WTI […]

DXY Has the Double Zigzag Ended?

The formation of the DXY stock index suggests the development of a large triple zigzag consisting of cycle waves w-x-y-x-z. On the 1H timeframe, we see the second half of a large average wave y, which has the form of a double zigzag Ⓦ-Ⓧ-Ⓨ of […]

Global PMI Day, and Potential Market Reaction

Usually, the first couple of days of the month have extra volatility as the major economies report PMI data. However, this month seems to have coincided that virtually all of the market movers will be reporting on the same day. The market is still digesting […]

Intraday Market Analysis – USD Seeks Support

USDJPY tests daily support The yen consolidates gains after a drop in Japan’s unemployment rate. The pair has met stiff selling pressure at March 2017’s high (115.50). The drop below 114.80 then 114.00 has forced short-term positions to bail out, exacerbating the sell-off. The US […]

New Covid Variant: How Worried Should Traders Be?

As expected, trading on Friday was quite unusual. Of course, the big move was due to the sudden announcement of a new covid variant, that the WHO has designated as “omicron”. And now we all want to know what that means for the markets going […]

GBPJPY End of Correction Hints At Fresh Highs!

In the long run, GBPJPY seems to be forming a cycle impulse. Now the third part of this impulse, wave III, is under development. Only the second half of the bullish impulse wave III is visible on the current chart. It seems that the price […]

Does the forex market close in december?

Does the forex market close in december? Does the forex market close in december? The market for foreign exchange (Forex) is the largest financial market globally, and the value of the trading volume daily is estimated at approximately $5.1 trillion.Hedge funds, banks, and other large […]

Intraday Market Analysis – Yen’s Rally Gains Traction

EURJPY breaks double bottom The safe-haven Japanese yen soars on news of a vaccine-resistant covid variant. A bearish MA cross on the daily chart indicates weakness in the euro’s previous rebound. The pair has closed below last September’s low at 127.90, a major floor to […]

The Week Ahead – Markets Fly to Safety as New Variant Looms

EURUSD slides as Europe battles fifth wave The euro plunges as the pandemic situation worsens across the continent. A record rise in covid cases has prompted Austria and Germany to consider imposing another round of lockdowns, with others to follow suit. Now that Europe accounts […]

Can you be a millionaire trading forex?

Can you be a millionaire trading forex? Can you be a millionaire trading forex? This is a question I hear a lot around me.And the answer to it is yes!But let me be very clear that this is not easy. It’s not as easy as […]