Hi Traders! CHFJPY Short Term Forecast Update and Follow Up Recap of July 5th Forecast On July 5th, I shared a post on our blog titled “CHFJPY Short Term Forecast And Technical Analysis.” In that post, we discussed a setup on the H1 chart and analyzed the price movement. Today, let’s take a look at…
The Australian Dollar Surges as US Dollar Falls Market Update: AUD/USD Trading at 0.6903, Up 1.29% The Australian dollar has surged on Tuesday, with AUD/USD trading at 0.6903 in the North American session, up 1.29%. This rise comes as the US dollar continues to fall, as risk appetite strengthens in the market. US Dollar in…
The British Pound Extends Gains Against the US Dollar GBP/USD Trading at 1.2010 The British pound has extended its gains on Tuesday. GBP/USD is currently trading at 1.2010, up 0.50%. The US dollar continues to retreat across the board, as the greenback remains in a downward correction. The dollar index continues to fall and is…
CySEC Warns of Rising Numbers of “Finfluencers” and “Gamification” Tactics Theocharides added: It is particularly worrying that already low financial literacy levels are also declining and this has exacerbated the risk of young people not fully understanding the unique characteristics and risks that trading in these products can carry and many will get in over…
The Rollercoaster Ride of USD/CHF Forecast Hold on Tight as Dollar Weakness Takes the Wheel What’s Happening? Well, well, well…it looks like the Swiss franc is having a moment thanks to the weakening dollar. The USD/CHF pair is feeling the heat and heading towards a steep collapse on the charts. And just when you thought…
Hey there, fellow readers! So, the other day I stumbled upon some news that really caught my attention. Apparently, the New Zealand Financial Markets Authority (FMA) has taken some serious actions against Western Union for breaching their license. Now, you may be wondering what exactly that means and how it could affect you. Let’s break…
Welcome to the Daily Market Commentary! European Shares Stocks Slid Slightly Lower Investors Seizing the Occasion European shares stocks slid slightly lower in Europe on Tuesday, following the trend spotted overnight in Asia, while US futures were mixed. Investors are driving markets lower today, seizing the occasion given by lingering global and local worries to…
USDCNH Minor Wave Y To Complete Intermediate Correction (4) The internal structure of the USDCNH pair hints at the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ. This in the long term forms a cycle correction IV. The final primary wave Ⓒ takes the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5). The current structure could indicate that bullish intermediate…
