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Forex

The “5-trillion-a-day“ Forex market, 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 cannot brake the rules by which the market is flowing. They can only obey the laws of mass psychology.
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AUDNZD Navigating Through Elliott Waves

audnzd elliott wave chart

AUDNZD was trading close to 1.0730 on February 21st, after a strong recovery from as low as 1.0324. Despite the speed and sharpness with which the pair was rising, the Elliott Wave Principle suggested the bears were likely to “drag the rate back down to the area near 1.0600, where new long opportunities should present […]

Pound Dollar Months Ahead of Brexit Talks

elliott wave chart gbpusd daily december 12

Or why having an Elliott Wave guide at hand is better than guessing the news GBPUSD has been moving sideways since the “Flash Crash” in early-October, 2016.  During the next six months, the pound dollar pair has been locked in a contracting pattern even the novice technical analyst can recognize. We are talking about the […]

GBPUSD Before and After the Giveaway

gbpusd 4h 27 feb

GBPUSD regained negative bias at the start of February and has been losing ground ever since. After forming a top at 1.2706 a month ago, the pair fell to as low as 1.2214 at one moment today and is currently trading near 1.2240. It is interesting to notice that roughly half of this 490+ pip decline happened […]

USDCAD’s Surprising Surge Explained

usdcad 1h 6.2.17

USDCAD closed at 1.3028 on Friday, February 3rd, continuing the decline from 1.3387, which began in mid-January. So, if you have been expecting more weakness this week, nobody can blame you. After all, trading in the direction of the trend is a viable strategy. However, even the strongest trend is interrupted by an occasional correction from […]