The Week Ahead – Risk Assets Bounce As US Dollar Retreats
GBPUSD rises back as recovery gains traction The pound bounces higher as the UK’s recovery may have gained a foothold. Britain’s economy grew...
Posted On 15 Oct 2021
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AMZN Triple Zigzag To Complete Correction ④
AMZN shares suggest the development of a bullish impulse, which includes the formation of a deep fourth wave. The primary correction wave ④,...
Posted On 15 Oct 2021
What Could Move The Market This Earnings Season
Yesterday marked the unofficial start of the third quarter earnings season with the reports from the US major banks. After the dismal market...
Posted On 15 Oct 2021
Intraday Market Analysis – WTI Rally Gains Traction
USOIL consolidates gains Oil prices jumped after the IEA raised its global oil demand growth forecast. WTI crude continues to grind its way up...
Posted On 15 Oct 2021
EU Trade And The Weaker Euro
The euro has been tracking lower for several months now. And there are several analysts who think that trend will continue. Most recently,...
Posted On 14 Oct 2021
AAPL Ending Diagonal Above $180
The current AAPL structure hints at the construction of a primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of...
Posted On 14 Oct 2021
Intraday Market Analysis – USD Seeks Support
USDCHF tests short-term support The US dollar eased after the FOMC minutes failed to pinpoint the first rate hike next year. The drop below...
Posted On 14 Oct 2021
China Inflation And What It Says About The Outlook For Commodities
The media has been focusing more on traumatic stories from China, like the continuing saga of Evergrande. This has shifted some of the attention...
Posted On 13 Oct 2021
GBPJPY Double Or Triple Zigzag?
The current GBPJPY structure suggests the development of the final part of the cycle wave y, which takes the form of a double zigzag consisting...
Posted On 13 Oct 2021
Intraday Market Analysis – USD Awaits FOMC Catalyst
GBPUSD tests supply area The pound climbs as solid payrolls support the Bank of England’s first post-pandemic interest rate hike. A series of...
Posted On 13 Oct 2021
DXY Cycle Correction Nears Completion Level
In the long term, the DXY is forming a bearish impulse consisting of five cycle sub-waves. The chart shows the final part of the deep correction...
Posted On 12 Oct 2021
FOMC Minutes And Taper Timing
After the unexpectedly disappointing results in jobs creation reported on Friday, there is a lot more interest in the FOMC minutes’ release...
Posted On 12 Oct 2021
Intraday Market Analysis – JPY Breaks Key Support
USDJPY climbs to 3-year high The yen plunges as low Japanese bond rates reflect the divergence in monetary policies. A close above the...
Posted On 12 Oct 2021
XAGUSD Triple Zigzag To Correct
A correction trend is being built on XAGUSD. A global triple zigzag is developing, in which a cycle wave y has been forming for about six months....
Posted On 11 Oct 2021
UK Employment, And A Shift For The BOE?
A consensus seems to be forming that the BOE could raise rates as early as this year. This expectation would weigh on UK stocks, but could...
Posted On 11 Oct 2021
Intraday Market Analysis – USD Plunges Below Support
USDCAD falls through critical floor The US dollar tumbled after weaker-than-expected nonfarm payrolls in September. The pair has struggled to...
Posted On 11 Oct 2021
Should The Markets Worry About Article 16?
Later today, the EU is holding one of its myriad of leaders’ summits. The major issue on the docket is foreign policy, with China relations at...
Posted On 06 Oct 2021
GBPUSD New Cycle Wave Has Just Begun
In the long run, GBPUSD seems to be forming a large cycle double zigzag w-x-y. It is likely that the cycle intervening wave x has come to an end....
Posted On 06 Oct 2021
Intraday Market Analysis – Gold Sell-Off Fades
XAUUSD tests resistance Gold hit a speed bump after an upbeat ISM Services PMI boosted the dollar’s appeal. The metal saw buying interest in the...
Posted On 06 Oct 2021
EU Retail Sales: More Inflation On The Way?
The eurozone’s better than expected services PMI could suggest that the European economy is on track for growth. The services sector, of course,...
Posted On 05 Oct 2021
NZDUSD Did Cycle Wave X End?
NZDUSD has completed the formation of the correction wave x of a cycle degree. It is a double zigzag consisting of primary sub-waves, the last...
Posted On 05 Oct 2021
Intraday Market Analysis – USD Lacks Support
USDJPY retreats below resistance The dollar bounced back against the yen after a weak Tokyo CPI in September. As the pair rose to the peak from...
Posted On 05 Oct 2021
Will OPEC+ Raise Production?
There has been a lot of media speculation ahead of the Joint Ministerial Meeting of OPEC and non-OPEC members in Vienna today. Pressure has been...
Posted On 04 Oct 2021
USDCAD Intermediate Double Zigzag To End Primary Double Zigzag
The formation of the USDCAD currency pair suggests the development of a large bearish double zigzag. Intervening wave x can take the form of a...
Posted On 04 Oct 2021
Intraday Market Analysis – USD Rally Slows Down
USDCAD awaits breakout The Canadian dollar recovered after July’s GDP growth beat expectations. The daily chart still favors the greenback even...
Posted On 04 Oct 2021
SPX500 Bulls Target 4608.26
The SPX500 formation suggests the formation of a large bullish impulse. At the time of writing, the primary wave ③ is under development. It is an...
Posted On 30 Sep 2021
PMI Day: Is Optimism Running Out?
As the first day of the month, tomorrow sees the release of PMI data from across the world. Heading into the weekend with China closed for a...
Posted On 30 Sep 2021
Intraday Market Analysis – GBP In Bearish Reversal
GBPUSD turns bearish The sterling struggles to stabilize as the UK braces for a fuel supply shock. After three months of sideways action, the...
Posted On 30 Sep 2021
USDJPY Zigzag To Complete Primary Wave Ⓩ
The USDJPY formation suggests the development of a large triple zigzag that consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four waves have...
Posted On 29 Sep 2021
What Can We Expect From China PMIs?
Given all the news we’ve been getting about the housing situation in China, there is good reason to think that the PMI figures coming out...
Posted On 29 Sep 2021
Intraday Market Analysis – Gold Breaks Lower
XAUUSD lacks support Gold slumps due to rising US Treasury yields. The demand zone around 1745 has failed to contain the market’s pessimism. The...
Posted On 29 Sep 2021
XAUUSD Double Zigzag To Complete Correction
The XAUUSD formation suggests that the current intermediate correction wave (4), is a triple zigzag consisting of minor sub-waves W-X-Y-X-Z. The...
Posted On 28 Sep 2021
Fed: Inflation Not As Temporary As We Thought
Fed Chairman Jerome Powell will give a series of speeches before the US Congress over the next couple of days. They come at a particularly...
Posted On 28 Sep 2021
Intraday Market Analysis – USD Tests Supply Area
EURUSD tests major support The US dollar found support from better-than-expected durable goods orders. The pair gave up all its gains from the...
Posted On 28 Sep 2021
BABA Will Primary Wave Ⓒ Be Bullish?
The current BABA structure suggests the construction of a large zigzag Ⓐ-Ⓑ-Ⓒ. Apparently, the construction of the middle part of this zigzag,...
Posted On 27 Sep 2021
German Consumer Confidence & Election Results
As anticipated, the German federal election results came in with a narrow plurality for the center-left SDP party. This is the closest result in...
Posted On 27 Sep 2021
Intraday Market Analysis – DAX 40 Struggles To Rally
GER 40 hits tough resistance European markets struggle as embattled property giant Evergrande faces more coupon payments this week. The Dax 40’s...
Posted On 27 Sep 2021
The Week Ahead – US Fed Sees Taper Conditions Not Far Off
EURUSD weakens as US taper looms The US dollar holds onto recent gains as markets price in the start of the taper for later this year. While the...
Posted On 24 Sep 2021
EURUSD Triple Zigzag Completes Wave (4)
The EURUSD currency pair seems to be forming a large bullish impulse. This impulse consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). The...
Posted On 24 Sep 2021
What’s The Real Issue With The Debt Ceiling?
Politicians just love a crisis that they can leverage to push their agenda and narrative. However, that’s not useful to traders who just want to...
Posted On 24 Sep 2021
Intraday Market Analysis – GBP Attempts Reversal
GBPUSD bounces off triple bottom The pound surged after the Bank of England raised its inflation forecast. The pair has met strong buying...
Posted On 24 Sep 2021
USDCHF Zigzag Wave Y To Complete Near 0.944
The formation of the USDCHF pair suggests the development of a cycle wave y, which hints at a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. Let’s...
Posted On 23 Sep 2021
How Could The Markets React To German Elections?
Forming a new government in Germany will be a complicated affair. Nonetheless, the voting and the counting of votes on Sunday will run with the...
Posted On 23 Sep 2021
Intraday Market Analysis – USD Regains Bullish Momentum
USDJPY bounces off triple bottom The US dollar recovered after the Fed signaled an interest rate hike next year. The fall below 109.60 had made...
Posted On 23 Sep 2021
BOE Interest Rate Meeting: Keep Calm And Carry On?
Since the last meeting, the indicator we’ve been tracking to see what the BOE will do next is the employment situation. Governor Bailey has made...
Posted On 22 Sep 2021
AMZN Triple Zigzag To End Near 2870.58
AMZN seems to be forming a bullish impulse, which includes the formation of a long-term fourth wave. The primary correction wave ④ takes the form...
Posted On 22 Sep 2021
Intraday Market Analysis – USD Rally Slows Down
EURUSD tests demand area The US dollar treads water ahead of the Fed meeting. After a limited rebound, the euro’s fall below 1.1750 has put the...
Posted On 22 Sep 2021
FOMC Meeting: Is It Time For Tapering?
After months and months of speculation, it’s finally here. The FOMC is having a two-day meeting and the general understanding is that they will...
Posted On 21 Sep 2021
AAPL Ending Diagonal To Fresh Highs!
The current AAPL structure is constructing a primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the...
Posted On 21 Sep 2021
Intraday Market Analysis – USD Breaks Higher
AUDUSD seeks support The Australian dollar struggles after cautious RBA meeting minutes. The pair had failed to bounce back from the demand zone...
Posted On 21 Sep 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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