Riding the Emotional Rollercoaster: EUR/USD Surges as DXY Takes a Dive, Setting Sights on 1.020 The DXY’s drop forced the USD to depreciate As the DXY takes a dive, traders and investors are experiencing a surge of emotions as the EUR/USD pair sees significant movement. The depreciation of the USD has led to a rise…
Market movers – DAX40 & DOW JONES: weekly analysis 18th – 22nd July Market Volatility It was a rollercoaster week for equity markets, with investors on edge as they navigated through a series of ups and downs. Despite the turbulence, the markets managed to recover in the last session of the week, thanks to a…
Free Forex Scalping EA Review Introduction Free Forex Scalping EA is a free-to-download automatic MT4 Scalping EA. The adviser is made to employ a scalping method, which is utilized to spot the top short-term trading chances in both rising and declining currency markets. It trades at a predefined time that you may modify in the…
European Stocks Opened Higher In The Wake Of A Positive Asian Session The London Opening 18/07/2022 European markets opened higher this morning after a particularly positive Asian session, with all indices trading well above par. The Chinese A50 index was +0.78%, the Nikkei +0.54%, and the ASX200 +1.23%. This is a promising start to the…
GBP/USD and USD/CAD Analysis Market Overview GBP/USD could gain momentum if it breaks through the significant 1.1900 resistance level, while USD/CAD is currently experiencing a downtrend and may continue to decline below the 1.3000 mark. Important Takeaways The British Pound has been showing signs of a potential upward correction after finding support at 1.1800. On…
Daily pivots are crucial indicators in the world of forex trading, providing traders with key levels to watch for potential price movements. In the case of USD/CHF, the daily pivots are as follows: S1 0.9731, P 0.9789, R1 0.9818. The recent break of the 0.9754 minor support level in USD/CHF suggests that the rebound from…
ANZ Predicts RBNZ Cash Rate to Reach 4.0% (Previously 3.5%) – A Heartfelt Look at New Zealand’s Central Bank Forecast ANZ’s reasoning for projecting a higher end point for RBNZ rate hikes. To come in November. Recently, ANZ made headlines with their bold prediction that the Reserve Bank of New Zealand’s cash rate would reach…
Elliott Wave Analysis of EURUSD – July 18th, 2022 What Happened with EURUSD? Last week, the EURUSD fell below parity as the European Central Bank (ECB) struggled to navigate a path to calm inflation down amidst supply chain chaos and an energy crunch. This unexpected fall has left many investors wondering if there is a…
