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Analysis Technical analysis

Daily Elliott Waves Forecast: EURUSD, SP500, BABA (24.05.22)

Euro continued its ascend against the dollar on Monday, reaching $1.07 and receiving rejection – for now. Its structure hints at a final wave up to complete wave C of (4). Can it get past $1.0750 and surprise us all? The SPX remained under pressure near recent lows with the price action resembling an ending […]

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Analysis Technical analysis

USDJPY 24.05.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 127.983-127.819 and it has a potential to reach the target zone №2 126.366-126.206. The best prices to try to have a short position are the control resistance zone 128.821-128.655. In case of the price is fixed upper the control […]

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Analysis Technical analysis

USDCHF 24.05.2022

Medium-termtrend: Bearish The bear market is continuing. The price has already reached the target zone №1 0.96152-0.96051 and it has a potential to reach the target zone №2 0.95091-0.94992. The best prices to try to have a short position are the control resistance zone 0.97467-0.97362. In case of the price is fixed upper the control […]

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Analysis Market overview

Top Market Opportunities 23.05.2022 – 29.05.2022

The forex markets are always in a state of flux, and this week is no different. Here’s a rundown of some of the key events that happened last week, and what you need to know in order to prepare for the week ahead: US10 slides below 3% despite Fed’s aggressive hiking cycle expected to continue […]

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Analysis Technical analysis

Daily Elliott Wave Forecast – XAUUSD, GBPUSD, NZDUSD (23.05.22)

GOLD prices printed several bullish bars on the daily chart but our main scenario still sees a correction rather than a reversal. As the projection in wave C hints at more downside, will the golden pocket near $1862/oz offer rejection? POUND continues its ascend and could break into fresh May highs this week if $1.26 […]

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Analysis Technical analysis

EURUSD 23.05.2022

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 1.05510-1.05414 and it is going to the target zone №2 1.06470-1.06374. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 1.05110-1.05014. In case of the […]

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Analysis Technical analysis

AUDUSD 23.05.2022

Medium-term trend: Bullish The bull market is continuing. The price has already reached the target zone №1 0.71107-0.71016 and it is going to the target zone №2 0.72017-0.71926. Any price reduction is considered like corrective. The best prices to try to have a long position are the control resistance zone 0.70070-0.69979. In case of the […]

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News

Changes to trading schedule

Dear customers, We would like to inform you about the changes in trading schedule due to the celebration of the US Memorial Day on 30th of May 2022. Please check out the schedule: Instrument Monday 30th of May Forex Normal Hours Metals Early Close 18:30 Cryptocurrencies Normal Hours Energy Early Close 18:15 US Indices Early […]

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Analysis Technical analysis

Daily Elliott Wave Forecast – EURUSD, OIL, SILVER (20.05.22)

Euro continues to accelerate against the Dollar as the trading week comes to a close. Despite looking impulsive, there are striking structures hinting at correction. In the short term, however, more upside is plausible. WTI holds firm above the $100/bbl barrier and although looking corrective to the upside, a flat offers bullish bias. In the […]

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Education

What is the relationship between Bitcoin and GDP?

When you think about it, the GDP (Gross domestic product) is just an indicator used for measuring the health of a country’s economy. So, how does this relate to Bitcoin? Is even BTC contributing to GDP? Well. All things considered; a healthier economy leads to higher GDP numbers. And in turn, this transpires into investor […]

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