Forex analysis review

The wave count on the 4-hour chart for EUR/USD is becoming more complex. There is still no question of invalidating the upward trend segment (lower chart), which began in January last year. On the contrary, we have seen a complete A-B-C corrective structure that has most likely ended. We never saw a convincing wave 5 within C. This wave took a truncated form, which als...

The EUR/USD pair continues its upward move, which began after two liquidity sweeps marked by red lines on the chart. Imbalance 17 held back the bulls' advance for a long time, but it has now been completely invalidated. Two new imbalances — 20 and 21 — were also formed this week. Both are bullish. Both may generate new buy signals in the future. Unfortunately, the pric...

GBP/USD continues to rise, which I consider entirely justified. Reports on the U.S. economy, labor market, and inflation have largely settled the debate over whether the FOMC will raise interest rates in September. Nonfarm Payrolls declined for the fourth consecutive month and fell below zero. The U.S. economy is slowing, while inflation is declining. The situation cou...

Bitcoin, which surged above $79,000, has finally crossed the very level that served as a psychological dividing line for the world's largest corporate holder of the asset for several months.

Strategy's reserve of 840,447 bitcoins, acquired at an average price of $75,385 per coin for a total of $63.36 billion, has returned to profitability for the first time since...

The price test of 158.78 occurred when the MACD indicator had already moved significantly below the zero line, limiting the pair's downward potential. For this reason, I did not sell the dollar and missed the downward move.

In the second half of the day, the market is awaiting the August U.S. PMIs for manufacturing, ...