What Are The Chances Of A Surprise From The BOE?
The BOE was once one of the more “hawkish” of the major central banks. But, that has gone by the wayside with the rise of covid over the last...
Posted On 04 Aug 2021
LATEST ARTICLES
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AMZN Has Primary Correction ④ Ended?
AMZN seems to be forming a bullish impulse, which includes the formation of a long fourth wave. The primary correction wave ④ takes the form of...
Posted On 04 Aug 2021
Intraday Market Analysis – AUD Attempts Rebound
AUDUSD builds support The Australian dollar jumped after the RBA kept its tapering course despite dovish guidance. The Aussie is making an...
Posted On 04 Aug 2021
A Potential Rebound In Crude After EIA Data?
WTI resumed the general downward trend it has been in this month, despite the presence of some factors we traditionally thought could push it...
Posted On 03 Aug 2021
AAPL: Has Primary Correction Wave ④ Ended?
The APPLE structure is forming a large wave a of a cycle degree, which takes the form of an impulse, consisting of sub-waves ①-②-③-④-⑤ of the...
Posted On 03 Aug 2021
Intraday Market Analysis – USD Breaks Lower
USDJPY struggles for support The Japanese yen strengthened on better-than-expected Tokyo CPI in July. The bearish MA cross from the daily...
Posted On 03 Aug 2021
GBPJPY Has Cycle Wave Y Ended?
The formation of the GBPJPY currency pair suggests the development of the final part of the cycle wave y. This wave takes the form of a double...
Posted On 02 Aug 2021
Can US ISM Manufacturing PMI Bring Back Market Optimism?
Usually, after companies report their corporate earnings, traders want to see the market moving higher. However, last week, after a host of...
Posted On 02 Aug 2021
Intraday Market Analysis – Euro Gains Momentum
EURUSD breaks resistance The euro inched higher after the eurozone’s Q2 GDP growth topped estimates. The pair has crossed above the 30-day moving...
Posted On 02 Aug 2021
The Week Ahead – Central Banks Wait To See Through The Pandemic
GBPUSD rises as recovery goes on As a top performer among G10 currencies, the pound climbs higher as the UK’s reopening gains traction. While...
Posted On 30 Jul 2021
How Markets Have Reacted To Earnings Season So Far
Today marks the unofficial mid-point of the second-quarter earnings season. By the end of the session, a little more than half of the major...
Posted On 30 Jul 2021
DXY Cycle Correction Likely To Complete Near 94.16
The current structure of the DXY index suggests that we are in a correction wave IV of a cycle degree. Its formation is similar to a large triple...
Posted On 30 Jul 2021
Intraday Market Analysis – USD Sees Few Bids
USDJPY tests key support The Japanese yen finds support as June’s unemployment rate fell below 3%. A bearish MA cross on the daily chart is...
Posted On 30 Jul 2021
Eurozone Q2 GDP: The Recession Is Over
Tomorrow we await the official confirmation that Europe has exited the (second) covid recession. While this might be a relief for many...
Posted On 29 Jul 2021
XAGUSD Has Actionary Wave Y Ended?
The current XAGUSD formation hints at a large triple zigzag structure. This is where the bearish actionary wave y is in formation. The wave y has...
Posted On 29 Jul 2021
Intraday Market Analysis – USD Struggles To Find Bids
EURUSD attempts reversal The US dollar tumbled after Fed Chairman Jerome Powell said it is nowhere near a rate hike. The RSI divergence was a...
Posted On 29 Jul 2021
AUDUSD Did Cycle Intervening Wave X
The current structure of the AUDUSD pair eyes the construction of a triple zigzag consisting of cycle degree waves w-x-y-x-z. On the chart, we...
Posted On 28 Jul 2021
US Q2 GDP: Where Is The Economy Heading?
Tomorrow there is a host of key data coming out ahead of the US session, which could rile up the markets even as they still digest the FOMC...
Posted On 28 Jul 2021
Intraday Market Analysis – Gold Awaits Catalyst Breakout
XAUUSD seeks support Gold bounces back as the US dollar retreats ahead of the Fed meeting later today. The price has been treading wate...
Posted On 28 Jul 2021
USDCNH Primary Impulse Is Nearing The Final
It seems that for USDCNH, the market has completed an intervening wave x of a cycle degree. This saw the development of the initial part of a new...
Posted On 27 Jul 2021
What To Expect From Fed’s FOMC Meeting
The Fed’s policy meeting that will end tomorrow is posing a problem for analysts. The FOMC has to make a decision about when to start winding...
Posted On 27 Jul 2021
Intraday Market Analysis – GBP Tests Resistance
GBPUSD grinds supply area The sterling bounced higher after data showed that Covid cases in the UK fell for five consecutive days. The pound has...
Posted On 27 Jul 2021
Australia Inflation: Did RBA “Tighten” Too Soon?
At their last meeting, the RBA declined to extend the yield curve control provision. For practical purposes, this amounted to a tightening of...
Posted On 26 Jul 2021
NZDUSD Has Cycle Intervening Wave X Ended?
The current structure of the NZDUSD pair hints at the completion of an intervening wave x of the cycle degree. The pattern has taken the form of...
Posted On 26 Jul 2021
Intraday Market Analysis – S&P 500 Resumes Rally
SPX 500 breaks to new high The S&P 500 rose back to its previous high on strong corporate earnings. The index has met strong bids around...
Posted On 26 Jul 2021
The Week Ahead – UK Celebrates End Of Lockdown Amid Rising Cases
GBPUSD slides on cautious sentiment The pound slowly recovers while traders remain wary of the UK’s end of Covid-related restrictions. The...
Posted On 23 Jul 2021
2020 Olympics & The Japanese Economy
With the 2020 Olympics kicking off after a year-long delay, just how much of a cost to the economy will the games be? Can there be any benefits...
Posted On 23 Jul 2021
Fed, Inflation, And The Housing Bubble
Yesterday, the US’ second-largest homebuilder, D.R. Horton, announced their quarterly results. These gave some interesting insights into the...
Posted On 23 Jul 2021
USDCAD Has Cycle Wave W Completed?
The USDCAD pair is forming a double zigzag of a cycle degree. On the chart, we see the final part of the first actionary wave w. Most likely, it...
Posted On 23 Jul 2021
Intraday Market Analysis – Euro Under Pressure
EURUSD hits resistance The euro weakened after the ECB kept its accommodative stance unchanged. The single currency is hovering above the demand...
Posted On 23 Jul 2021
European PMIs: Time To Reevaluate Expectations
As the second-quarter earnings season gets underway, more and more companies are reporting that they are facing logistics and supply issues. This...
Posted On 22 Jul 2021
USOIL Ending Diagonal To End Cycle Impulse
The USOIL formation shows the development of a bullish trend. Most likely, there is a construction of an impulse wave, which consists of five...
Posted On 22 Jul 2021
Intraday Market Analysis – Gold Meets Strong Resistance
XAUUSD dips from supply area Gold struggles to hold onto its gains as the US dollar pushes towards fresh year-to-date highs. The recovery has met...
Posted On 22 Jul 2021
US Retail Sales, Powell, And Tapering
In his closely watched testimony before the House of Representatives yesterday, Fed Chairman Powell stuck to the script about where monetary...
Posted On 15 Jul 2021
BABA Has Primary Correction Wave Ⓑ Ended?
On the 1H timeframe of the BABA stock chart, we see the structure of a large Ⓐ-Ⓑ-Ⓒ zigzag. Over the past six months, the market has been moving...
Posted On 15 Jul 2021
Intraday Market Analysis – GBP Finds Buying Interest
GBPUSD bounces off Fibonacci level The better-than-expected UK CPI in June has lifted the sterling across the board. Price action has seen strong...
Posted On 15 Jul 2021
China Q2 GDP: Is The Rebound Over?
Tonight during the Asian session, we will get a host of market-moving data that could rile up the markets quite a bit. The most important data is...
Posted On 14 Jul 2021
EURUSD Intermediate Correction (4) To End Near 1.1600
The EURUSD seems to be developing a large bullish impulse. This consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). Intermediate correction...
Posted On 14 Jul 2021
Intraday Market Analysis – USD Cheers Momentum Catalyst
EURUSD tumbles through supports The US dollar advanced as the US June CPI data beat expectations. The pair has met stiff selling pressure in the...
Posted On 14 Jul 2021
US vs UK Inflation: Looking for Support for Cable
Coming up we have some data that could underscore how different the post-covid recovery has been across the world. There is a gap in the economic...
Posted On 13 Jul 2021
USDCHF 0.873 Likely To Complete Global Cycle Trend
The USDCHF pair seems to be forming a large cycle triple zigzag, in which the first four parts are fully completed. And the last part, wave z, is...
Posted On 13 Jul 2021
Intraday Market Analysis – USD Treads Water
USDCHF tests key support The US dollar consolidates as concerns grow about the resurgence of the pandemic. The pair has found support at 0.9125,...
Posted On 13 Jul 2021
RBNZ Policy Meeting: Time To Raise OCR?
On Wednesday, the RBNZ will have its regular policy meeting. This is considered an “interim” meeting since it won’t include a Monetary Policy...
Posted On 12 Jul 2021
AMZN Final Leg Of Triple Zigzag Has Begun
AMZN shares seem to be forming a bullish impulse, which includes the formation of a large 4th wave. The primary correction wave ④ takes the form...
Posted On 12 Jul 2021
Intraday Market Analysis – Gold Struggles At Resistance
XAUUSD rally slows down Gold grinds higher as the US dollar softens amid lower Treasury yields. The rally slowed as the bulls pushed towards the...
Posted On 12 Jul 2021
The Week Ahead – Oil Holds Despite OPEC-Led Volatility
USOIL tanks amid OPEC+ deadlock Oil markets took a hit after OPEC+ supply talks fell apart. The cartel is now between a rock and a hard place. On...
Posted On 09 Jul 2021
What The Fed’s Reverse Repo Raise Means For The Markets
At their last meeting, the Fed announced that they would raise their repo rate from 0 to 0.05% annual. They said this was a technical adjustment,...
Posted On 09 Jul 2021
AAPL Double Three Likely To End Near 110.27
AAPL seems to be forming a large cycle wave a, which takes the form of an impulse. This consists of sub-waves ①-②-③-④-⑤ of the primary degree. A...
Posted On 09 Jul 2021
Intraday Market Analysis – NASDAQ Holds Despite Whipsaw
NAS 100 bounces off trendline The Nasdaq index whipsaws as investors fear that the economic recovery may stall. Sentiment remains upbeat as the...
Posted On 09 Jul 2021
Canada June Employment Data: A Reversal For The Loonie?
Over the last month or so, the USDCAD has reversed an over-year-long trend to the downside. This change was mainly because of a weaker CAD, as a...
Posted On 08 Jul 2021
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Forexalchemy.com is made available as an online source of Foreign exchange trading information and related-materials only. By using ForexAlchemy you acknowledge and understand that we are not soliciting participation in Forex trading. You also acknowledge and agree that there are large potential risks associated with investment and trading activity and that you have accepted such risks before deciding to invest and before deciding to use ForexAlchemy as a source of trading-related information and materials. Please read our full disclaimer and terms of use before using this website:
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