Following this concept is very easy if you are a WAVES TRADER. DXY is at the final correction of AB. What we should be waiting and looking for is WAVE C to start building up in order to continue the bearish movement for EUR/USD to move in the opposite direction.
Good luck
In a few months from now, billions of people will be glued to their TVs for the 2022 FIFA World Cup that is set to take place in Qatar. Every four years, soccer’s global governing body gathers teams from over 30 countries for the world’s biggest sporting event that brings in billions of dollars in revenues and other economic benefits (jobs and tourism) for host...
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Stocks Start Week Mixed. Tech Stocks Couldn’t Hold On to Gains
Updated Feb. 7, 2022 5:46 pm ET / Original Feb. 7, 2022 5:29 am ET
Stocks ended Monday mostly lower, reversing earlier gains. Investors were also looking ahead to the conclusion of earnings season.
The Dow Jones Industrial Average rose one point after the index slipped 21 points...
FX News – The Reserve Bank of New Zealand kept its official cash rate (OCR) at 1.0%. This comes in line with the market’s expectations.
However, the bank also said there was scope for further fiscal and monetary stimulus. Such measures will help bolster the economy that faces worsening global tensions trade conflicts.
The NZ dollar gained against the US dollar...
FX:GBPUSD #GBP/USD From the beginning of September, the price moves in the growth channel. In the last week, the price reached a significant resistance of 1.3299. The latest key information on Brexit caused the rejection of the price of resistance. A large bearish engulfing candle appeared on the daily chart. The chart H4 draws a bearish flag pattern. The...
FX:USDJPY #USD/JPY has been in an upward trend for a long time. The price was close to the key resistance zone 112.78-113.17. The creation of a sales signal in this area may activate sellers. The breakthrough of the growth channel support will be an additional signal for the deepening of the downturn. Currently, the target is the first level of price attack 112.15.
