The analysis of markets is a critical part of the trading decisions of any trader or investor. The individual trader or trading group may have a preference for:

But whichever approach is employed, it is through this analysis that the trader decides:

  • If to buy or sell an asset
  • At which levels to enter a trader
  • At which level to target to hopefully take profit on the trade
  • Or, if the analysis proves incorrect, when and where is the trade wrong and at which level to exit the trade.

In this section we will provide regular, real time market views including currency pairs forecasts, primarily through the approach of Technical Analysis, but which will also utilise other approaches to market analysis.

More forex trading tips


Intermediate

FTSE 100 stays firm, aided by a weakened Pound

Posted on by Steve Miley

In our report here yesterday (Wednesday 14th February), we highlighted downside risks for the Pound into another Brexit vote, with a technical trigger for GBPUSD below the key 1.2831/29 support The GBPUSD plunge through here alongside broader Pound weakness is often a positive for the UK benchmark index, the FTSE 100, as it is heavy … Continued

Intermediate

Pound poised for a more negative signal into another Brexit vote

Posted on by Steve Miley

The Pound remains under negative pressures in February, with threats of a potential No Deal Brexit growing, since the firm rally in January which was partially driven by a perception of a move away from this scenario. The Government faces another series of votes today, which leaves Sterling vulnerable again to further downside pressures. Here … Continued

Intermediate

Elliott wave Analysis: GBPUSD and USDJPY

Posted on by Gregor Horvat

Hello traders today let’s take a look at GBPUSD and USDJPY pairs. GBPUSD made a nice five-wave drop from the 1.321 level, which is a sign of a completed higher degree wave C, and that a new bearish cycle is in play. We know that after a five-wave price development fully unfolds, a three-wave correction … Continued

Intermediate

Stock market averages re-energizing 2019 bull trends

Posted on by Steve Miley

The past week has seen correction activity across the major global stoic markets as ongoing global economic slowdown concerns have impacted on riskier asset classes. However, a strong recovery effort over the past 24-36 hours has been a reaction to hopes on avoiding another global shutdown and also from positive soundings regarding US-Sino trade negotiations. … Continued

Intermediate

Euro stays vulnerable to further losses

Posted on by Steve Miley

Significant downgrades in European growth forecast from the European Commission last week have subsequently weighed on the Euro. However, the EURUSD spot Forex rate had already been declining, through more seen as a consequence of US Dollar strength, with the US currency seen as a safe haven, given worries of a global economic slowdown. This … Continued

Intermediate

Stock indices remain vulnerable to corrective losses

Posted on by Steve Miley

Global share markets suffered significant corrective losses from the middle of the last week, although these setbacks are currently viewed as corrective within the context of strong 2019 recovery rallies. Nevertheless, the depth of the price erosion for major US, European and Asian equity averages highlights risks for further losses at least in the short-term … Continued

Intermediate

What’s “Moo”ving Beef?

Posted on by Stephen Pope

Live Cattle prices look set to break out of the long-term corrective Packers finally accepted higher pricing on Friday A cold weather period has a heavy influence Technical sentiment is positive From 2016 through to the end of 2018 it appeared that the price of Live Cattle was rotating with a regular cycle in a … Continued

Intermediate

Elliott wave Analysis: USDNOK and USDTRY

Posted on by Gregor Horvat

USDNOK unfolded a bigger five-wave rally from start of 2018, and unraveled a bigger wave 1, that found a top at the upper Elliott wave channel line. The sharp reversal that followed from the upper channel line can now be labelled as wave A), first leg that can be part of a bigger three-wave retracement, … Continued

Intermediate

Equity markets correct, risk for further setbacks

Posted on by Steve Miley

A notable corrective selloff for global equity markets over the past 24 hours as various “risk off” events have impacted asset classes. These included a more dovish, cautionary tone from Reserve Bank of Australia Governor Lowe on Wednesday as we featured here, a negative New Zealand Employment report and stark forecasts for Europe from the … Continued

Intermediate

Australian Dollar plunge after more dovish tone

Posted on by Steve Miley

The Australian Dollar saw a significant selloff on Wednesday after Reserve Bank governor Philip Lowe signalled that interest rates could move either higher or even lower, given growing economic risks. This more dovish tone than has previously been indicated saw an already slightly unenthusiastic tone for the Australian Doller shift to a far more negative theme, … Continued

Intermediate

Pound weakens amid No Deal Brexit concerns and weak PMI data

Posted on by Steve Miley

Growing concerns that the Brexit negotiations could result in a No Deal outcome have weighed on Sterling over the past 1-2 weeks. Furthermore, a less than positive service sector Purchasing Managers Index report for the UK on Tuesday encouraged further negative price action for the UK currency. The GBPUSD break below some notable supports (2019 … Continued

Intermediate

Elliott wave Analysis: AUDUSD and NZDUSD Intra-day Update

Posted on by Gregor Horvat

Commodity currencies are making some pullback against the USD, except AUDUSD where we see pair higher after RBA Rate Statement (1.5%), Retail Sales (-0.4% vs 0.0%) and Trade Balance (3.68B vs 2.25B) figures. Technically speaking, there is room for 0.7300/0.7340 area while pair is above 0.7175. AUDUSD, 1h NZDUSD may also still see more gains, … Continued

Intermediate

Equities stay buoyant into February

Posted on by Steve Miley

Major European, US and Asian equity averages have extended their strong starts to 2019 in January into February with many averages hitting new recovery rally highs on both Friday and Monday. This bullish tone has at least partially been encouraged by the continuing move towards a more dovish stance by the Federal Reserve, reinforced last … Continued

Intermediate

Gold Rally Poised To Pause

Posted on by Stephen Pope

Gold prices look limited over the short term USD tiredness at the end of the week helped push gold prices higher Technical sentiment is mixed A tightening labour market could suggest another Fed move   Gold prices have surged roughly 1.25% to the $1,320 area over the past week. The market was lifted by a … Continued

Intermediate

US Dollar stays weak, pointing both EURUSD and GBPUSD higher

Posted on by Steve Miley

The ongoing shift to a more dovish viewpoint from the Federal Reserve last Wednesday 30th January has reinforced early 2019 weakness for the US Dollar. This has reinforced an already positive tone for EURUSD evident since the latter January rebound from ahead of key supports in the 1.1268/62 area, leaving the bias for further EURUSD … Continued

Intermediate

Equities stay firm into US Employment report

Posted on by Steve Miley

A positive, “risk on” tone across global equity markets this week has been reinforced by US equity averages again moving to new 2019 highs at yesterday’s moth-end. This has been assisted by the further shift to a more dovish stance by the FOMC of the Federal Reserve on Wednesday. Of particular note has been the … Continued

Intermediate

AUDUSD and NZDUSD stay bullish

Posted on by Steve Miley

Both the AUDUSD and NZDUSD have indicated a more positive tone in short-term consolidation phases since mid-January, but US Dollar weakness after the dovish Fed tone on Wednesday has seen a more positive tone appear for both these currency pairs. Furthermore, these gains have been reinforced by a more positive, “risk on” tone across global … Continued