technical analysis

The British pound has regained bullish momentum after the release of UK inflation data. The CPI data showed the UK inflation rate dropped to the lowest level the country has seen since February 2022, driven by a significant decrease in food and energy prices. The Office for National Statistics...

Shares of the streaming and entertainment giant Walt Disney (NYSE: DIS) hit a fresh 6-week high of $92.60 on Thursday after the company reported its third quarter fiscal year 2023 earnings. However, the stock failed to extend the bullish momentum later as the Q3 results were not that positive...

USD to JPY price was trading at 144 on Thursday morning ahead of the upcoming US inflation data. The Japanese Yen remained under pressure against the US dollar throughout this week weighed down by the mixed comments from the FED policymakers and triggering a steady recovery in the US Dollar. The...

China’s economy slipped into deflation as consumer prices contracted for the first time in more than two years. Deflation is the opposite of inflation, in other words, a decrease in the prices of goods and services. The decline in exports and the ongoing problems in the real estate market are...

The euro reversed from the early gains and fell against all its major developed-market peers after the latest German inflation data showed more signs of slowing inflation, easing pressure on the European Central Bank to keep raising interest rates. The CPI data showed the annual inflation rate...

The British Pound and UK shares traded lower Thursday Morning ahead of the Bank of England meeting outcome. The BOE Monetary Policy Statement is set to be released at 11:00 GMT. Along with this release will see Governor Bailey's press conference 30 minutes after at 11:30. The central bank...

Immediately after the Reserve Bank of Australia announced its monetary policy decision, the AUDUSD tumbled and held on to its sharp losses to currently trade around the 0.6630 handle. The Australian dollar came under intense selling pressure after the Central Bank decided to keep its target for...

This past week, the EURJPY regained strong upside momentum again and surged more than 300 pips. However, the pair has failed to close above the June peak of 158 on the second attempt forming a double top. Since the start of this week, the currency pair experienced a pullback after the Euro...

The US dollar pairs remain the centre stage of attention ahead of the US Retail Sales data for June. The dollar index, which tracks the U.S. currency against six major peers extend the recent fall on Tuesday morning, giving back some of the gains it made on Monday as investors looked ahead to...

U.S. electric vehicle (EV) maker Rivian's (NASDAQ: RIVN) share price has started the third quarter with an aggressive bullish trend, surging by 50 percent in the last 6 days. It rose to a high of $26.50 on Friday, which was the highest point since December 14. Rivian is a leading electric...

USDCHF Technical Analysis - Forex, Based on Gann Theory | Elabin Detailed USDCHF forecast as well as a US Dollar - Swiss Franc technical analysis based on Gann Theory *** USDCHF Bullish Trend Pivot Date: 2023-04-13 (41 days ago) Last Update: 2023-05-24...

EURUSD Gets New Positive Signal The EURUSD pair leaned on the EMA50 and begins to provide slight positive trades by today’s open, noticing that stochastic overlaps positively now, waiting to motivate the price to resume the expected bullish trend for the upcoming period, which its targets begin...

Hi everyone. I am interested in your experience: is it posible to trade without strategies or indicators and only rely on technical analysis and candlestick analysis? I will be grateful for your answers.

Fundamental: In the yesterday’s trading session, the Euro currency traded lower as US government bond yields resumed their advances pushing the US Dollar Index higher. Not only this, the Markit published the February final Services PMIs for the Euro Area, which showed that output in the sector...

At the end of yesterday's session, the price of Gold fell quite sharply as analyzed by the decline from 1804 to 1764 ($ 40) to close the daily candle with a strong drop around the 1770 threshold. The daily chart is quite strong but the close has yet to break the strong support zone at...

Hi to all of you. I would like to share my analysis on EURUSD pair which I like to trade and to analyse. I hope you will like it. Feel free to check it out and leave a comment. This week price reached $1.16178 level and then make a pullback to $1.16700 – $1.17000 area. The price did just that...

Greetings, While studying how to use candlesticks with S&R 4 today, I wonder which timeframe it should be to determine an entry point? Let’s assume it might develop an inside down trend. Should I wait for 2-3 4H candles, or let it be 1H / 15M to help me out with entry point? I am also having...

EURUSD Fundamental Overview (1-6 month) Ever since the global lock down and pandemic in March 2020 EURUSD started quite a bull run. We saw the EURUSD prices increase from 1.08 all the way to 1.18, this is about a 9% increase in value in around 5 months which is out of the ordinary for EURUSD...

Fundamentals At the eve of last week, market sentiment suggested US Dollar retracement as it was seemed overvalued due fundamental background and outstanding liquidity injections from the Fed. The whole week gold was keeping bullish context, preparing to upside continuation and accurately...

Fundamentals No doubts the central moment of this week was NFP report on Friday and ADP report on Wed. Market reaction was moderate as everybody mostly was prepared to negative numbers, but these numbers are yet to be analyzed with scrutiny. Still, there are some other events that are important...