Forex analysis review

The wave pattern on the four-hour EUR/USD chart is becoming more complex. There is still no question of invalidating the bullish trend segment (bottom chart) that began in January of last year. On the contrary, we have seen a complete A-B-C corrective structure, which has most likely been completed. We never saw a convincing Wave 5 within Wave C. This wave took a trunc...

On Tuesday, August 25, the economic calendar contains no major events, but that does not mean that important news cannot emerge during the day. Let's briefly review the most interesting events scheduled for Tuesday.

Tuesday's economic reports can broadly be divided into two categories: interesting and important. There are no releases in the second category. Germ...

The EUR/USD pair continues the upward move that began after two liquidity sweeps, marked on the chart by red lines. Imbalance 17 contained the bulls' advance for a long time and eventually became fully invalidated. Last week, two new imbalances—20 and 21—were also formed. Both are bullish. The nearest imbalance could theoretically generate a signal as early as today. I...

GBP/USD continues to rise, which I consider entirely justified. Reports on the US 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 US economy is slowing. Inflation is declining. The situation could change ...

Analysis of Trades and Trading Advice for the Japanese Yen

The test of the 159.05 level occurred when the MACD indicator was just beginning to move up from the zero line, confirming that this was an appropriate entry point for a long position on the dollar. As a result, the pair rose by 20 points.

In the second half of the day, the US market will have no major eco...