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Forex

FOREX. The “5-trillion-a-day“ market. This is the place to be, if you are wondering who is going to win or lose the currency war between the central banks worldwide. However, bankers can not brake the rules by which the market is flowing. They can only obey the laws of mass psychology.

NZDUSD Seven Trading Days Later

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Last Monday, November 21st, while NZDUSD was trading around 0.7020, we published an article called “NZDUSD Poised for a Corrective Recovery”. In our opinion, based on Elliott Wave analysis, the pair was “providing an opportunity for the bulls to achieve a three-wave rally to at least 0.7110.” Instead of relying on economic data or political news, […]

Riding GBPJPY’s Post-Election Rally

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GBPJPY bulls must be very pleased with what November brought them. The pair has been steadily rising since the U.S. election, which caused a decline to 126.70. Nine days later, today GBPJPY climbed to as high as 137.57 and is currently hovering around 137.10. Could this impressive rally be predicted, especially after the strongly negative […]

USDCHF Inspires a Better Idea Now

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Just two days ago, on Monday, while USDCHF was trading around 0.9785, we published “USDCHF Is Not The Pair to Buy Right Now”, citing that it “could be expected to continue to the south from now on”. Today, because of Trump’s victory or not, the exchange rate plunged to 0.9549. So far, so good. The […]

USDJPY and the Sudden Bullslaughter

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Last Friday, October 28th, USDJPY rose to a high of 105.53, but eventually closed the week at 104.71. The trend was clearly up since the end of September and Friday’s dip was probably embraced by the bulls as another buying opportunity. Unfortunately for them, 105.53 turned out to be a major top. Instead of continuing to […]

Not the Time to Join the Bears in GBPCAD

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The Pound Sterling has been the biggest loser among all other major currencies in 2016, so it no surprise it has falling sharply against the Canadian dollar, as well. GBPCAD was hovering close to 2.1000 in August, 2015, but after a series of crashes and selloffs it is currently trading below 1.6300. However, selling just because […]