Markets are making waves!
Markets are making waves!
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Natural gas Wave Analysis – 17 May, 2022

• Natural gas reversed from support level 6.500• Likely to rise to 9.000 Natural gas recently reversed up from the strong support level 6.500, coinciding with the 20-day moving average and the 50% Fibonacci correction of the upward impulse wave...

Natural gas Wave Analysis – 17 May, 2022
EURCAD Wave Analysis – 17 May, 2022

• EURCAD reversed from support level 1.3400• Likely to rise to 1.3600 EURCAD today reversed up from the strong support level 1.3400 (which stopped the previous sharp downward impulse wave 3 at the end of last month). The upward reversal...

US retail sales barely keep pace with inflation

US retail sales continue to grow strongly, adding 0.9% in April after 1.4% a month earlier and slightly weaker than the expected 1.0%. Sales excluding autos and gasoline rose 0.6% after 2.1% a month earlier and against an expected 0.4%...

Oil: the final upward momentum?

Crude oil has added 15% since last Wednesday, rising to $112/bbl WTI and $113/bbl Brent. Both grades reached new two-month highs on Tuesday morning, despite a decidedly bearish news backdrop. A sharper than previously estimated slowdown in China and not...

Market Overview

Crypto Review

Bitcoin’s short-term upward channel
Bitcoin’s short-term upward channel

On Monday, Bitcoin was down 3.6%, ending the day around $29.9, but is trading back above $30K on Tuesday morning. Ethereum has little changed over the past 24 hours (-0.4%), remaining near $2000. Other altcoins from the top 10 changed...

Has Bitcoin reached the bottom?
Has Bitcoin reached the bottom?

Bitcoin is down 9.4% over the past week, ending at around $31,000. Ethereum lost 16.1%, while other leading altcoins in the top 10 fell from 13.9% (Binance Coin) to 25.4% (Solana). The total capitalisation of the crypto market, according to...

Has the crypto market hit bottom?
Has the crypto market hit bottom?

Bitcoin added 0.6% on Thursday, ending the day around $28.6K, a modest gain but a significant intraday win. Bitcoin managed to find support near $25K on Thursday morning, reversing a multi-day decline. Since the start of the day on Friday,...

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Technical analysis

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Natural gas Wave Analysis – 17 May, 2022
Natural gas Wave Analysis – 17 May, 2022

• Natural gas reversed from support level 6.500• Likely to rise to 9.000 Natural gas recently reversed up from the strong support level 6.500, coinciding with the 20-day moving average and the 50% Fibonacci correction of the upward impulse wave...

EURCAD Wave Analysis – 17 May, 2022
EURCAD Wave Analysis – 17 May, 2022

• EURCAD reversed from support level 1.3400• Likely to rise to 1.3600 EURCAD today reversed up from the strong support level 1.3400 (which stopped the previous sharp downward impulse wave 3 at the end of last month). The upward reversal...

USDCHF Wave Analysis – 16 May, 2022
USDCHF Wave Analysis – 16 May, 2022

• USDCHF reversed from party• Likely to rise to 1.0100 USDCHF continues to rise after the earlier upward reversal from the strong support at parity, 1.000 (earlier resistance from the start of May). The upward reversal from the parity continues...

Gold Wave Analysis – 16 May, 2022
Gold Wave Analysis – 16 May, 2022

• Gold reversed from support zone• Likely to rise to resistance level 1825.00 Gold today reversed up from the support zone located between the key support at 1790.00 (which has been reversing the price from December) and the lower daily...

American Express Wave Analysis – 13 May, 2022
American Express Wave Analysis – 13 May, 2022

• American Express reversed from key support zone• Likely to rise to resistance level 165.00 American Express recently reversed up from the key support zone lying between the support levels 155.00 and 150.00 (multi-month low from December). This support zone...

CADCHF Wave Analysis – 13 May, 2022
CADCHF Wave Analysis – 13 May, 2022

• CADCHF broke resistance level 0.7700• Likely to rise to resistance level 0.7800 CADCHF currency pair rising steadily after the price broke above the resistance level 0.7700 (which stopped the previous minor impulse wave (i) at the start of this...

AUDCHF Wave Analysis – 13 May, 2022
AUDCHF Wave Analysis – 13 May, 2022

• AUDCHF reversed from support area• Likely to rise to resistance level 0.7000 AUDCHF currency pair recently reversed up from the support area located between the key support level 0.6835 (which has been reversing the pair from the start of...

Dow Jones Wave Analysis – 12 May, 2022
Dow Jones Wave Analysis – 12 May, 2022

• Dow Jones broke support area• Likely to fall to support level 31000.00 Dow Jones recently broke the support area located between the key support level 32535.00 (which has been reversing the pair from the start of 2021) and the...

EURGBP Wave Analysis – 12 May, 2022
EURGBP Wave Analysis – 12 May, 2022

• EURGBP reversed from resistance area• Likely to fall to support level 0.8450 EURGBP currency pair recently reversed down from the resistance area located between the key resistance level 0.8590 (which has been reversing the pair since November), the upper...

EURUSD Wave Analysis – 12 May, 2022
EURUSD Wave Analysis – 12 May, 2022

• EURUSD broke support area• Likely to fall to support level 1.030 EURUSD currency pair recently broke through the support area located between the key support level 1.0500 (which has been repeatedly reversing the pair from April) and the lower...

WTI Wave Analysis – 11 May, 2022
WTI Wave Analysis – 11 May, 2022

• WTI reversed from support area• Likely to rise to resistance level 108.80 WTI crude oil recently reversed up from the support area located between the key support level 97.60 (which has been reversing the pair from April) and the...

EURCAD Wave Analysis – 11 May, 2022
EURCAD Wave Analysis – 11 May, 2022

• EURCAD reversed from resistance area• Likely to fall to support level 1.3600 EURCAD recently reversed down from the resistance area located between the key resistance level 1.3750 (which has been reversing the pair from March) and the upper daily...

Silver Wave Analysis – 10 May, 2022
Silver Wave Analysis – 10 May, 2022

• Silver under strong bearish pressure• Likely to fall to support level 21.00 Silver under the strong bearish pressure after the price broke below the long-term support level 22.00 (the previous monthly low from January and February). The breakout of...

AUDUSD Wave Analysis – 10 May, 2022
AUDUSD Wave Analysis – 10 May, 2022

• AUDUSD broke support zone• Likely to fall to support level 0.6900 AUDUSD currency pair recently broke the support zone lying between support levels 0.7025 (low of the previous wave (1)) and 0.7000. The breakout of this support zone accelerated...

Peloton Plummets!
Peloton Plummets!

🚴Peloton Plummets!📉Peloton stock is set to open -26% after reporting a deeper than expected loss in its latest earnings report. The company also cut revenue guidance and CEO Barry McCarthy warned that they are “thinly capitalized.” The stock has had...

WTI crude oil Wave Analysis – 9 May, 2022
WTI crude oil Wave Analysis – 9 May, 2022

• WTI crude oil reversed from resistance zone• Likely to fall to support level 105.00 WTI crude oil recently reversed down from the resistance zone lying between the key resistance level 108.80 (top of the previous impulse wave 1) and...

NZDUSD Wave Analysis – 9 May, 2022
NZDUSD Wave Analysis – 9 May, 2022

• NZDUSD broke key support level 0.6410• Likely to fall to support level 0.6300 NZDUSD currency pair under the bearish pressure after the price broke the key support level 0.6410 (which reversed the price sharply at the start of this...

Standard Chartered Wave Analysis – 6 May, 2022
Standard Chartered Wave Analysis – 6 May, 2022

• Standard Chartered reversed from resistance zone• Likely to fall to support level 5.510 Standard Chartered earlier reversed down from the resistance zone lying between the multi-month resistance level 5.8 (which stopped the sharp uptrend in February) and the upper...

EUR50 Wave Analysis – 6 May, 2022
EUR50 Wave Analysis – 6 May, 2022

• EUR50 broke the support zone• Likely to fall to support level 3600.00 EUR50 index recently broke the support zone lying between the key support level 3700.00 (which stopped wave (i) at the end of April) and the 50% Fibonacci...

GBPAUD Wave Analysis – 6 May, 2022
GBPAUD Wave Analysis – 6 May, 2022

• GBPAUD reversed from support level 1.7200• Likely to rise to resistance level 1.7493 GBPAUD currency pair recently reversed up sharply from the key support level 1.7200 (which stopped wave 1 at the start of April). The upward reversal from...

The stock market puts bitcoin back in a downward trend
The stock market puts bitcoin back in a downward trend

Bitcoin was down more than 10% intraday on Thursday, stabilising at $36.4K from the end of the day and losing 8.3% overnight. Ethereum lost 6.7% in the last 24 hours, while other leading altcoins in the top 10 fell from...

USDJPY Wave Analysis – 5 May, 2022
USDJPY Wave Analysis – 5 May, 2022

• USDJPY reversed from support area• Likely to rise to resistance level 131.20 USDJPY recently reversed up strongly from the support area located between the key support level 128.90 (former resistance from last month) and the 50% Fibonacci correction of...

Nikkei 225 Wave Analysis – 5 May, 2022
Nikkei 225 Wave Analysis – 5 May, 2022

• Nikkei 225 reversed from resistance area• Likely to test support level 26500.00 Nikkei 225 index recently reversed down from the resistance area located between the key resistance level 27425.00 (which has been reversing the price from last month), upper...

GBPUSD Wave Analysis – 5 May, 2022
GBPUSD Wave Analysis – 5 May, 2022

• GBPUSD falling inside impulse waves (iii),3 and (3)• Likely to fall to support level 1.2250 GBPUSD currency pair recently broke the key support level 1.2670 (low of wave (B) from the end of 2020). The breakout of the support...

Dow Jones Wave Analysis – 4 May, 2022
Dow Jones Wave Analysis – 4 May, 2022

• Dow Jones reversed from support level 32460.00• Likely to rise to resistance level 35000.00 Dow Jones recently reversed up from the key support level 32460.00 (which has been reversing the index from the start of this year), standing near...

USDCAD Wave Analysis – 4 May, 2022
USDCAD Wave Analysis – 4 May, 2022

• USDCAD reversed from key resistance level 1.2890• Likely to fall to support level 1.2750 USDCAD recently reversed down strongly from the key resistance level 1.2890 (which has been reversing the price from last August), standing near the upper daily...

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Brokers News

Temporary interruption to Crypto CFD trading
Temporary interruption to Crypto CFD trading

Please be aware of upcoming scheduled maintenance from our Crypto Liquidity Providers. Due to the above which is beyond our control, trading for all crypto CFDs will be halted for 3.5 hours from 17:00 until 20:30 (server time UTC+3), on...

Temporary interruption to Crypto CFD trading
Temporary interruption to Crypto CFD trading

Please be aware of upcoming scheduled maintenance from our Crypto Liquidity Providers. Due to the above which is beyond our control, trading for all crypto CFDs will be halted for two hours from 17:00 until 19:00 (server time UTC+2), on...

Reduced spreads on a huge range of Instruments!
Reduced spreads on a huge range of Instruments!

Due to increased volatility, we would like to give more trading opportunities to our traders! As a result, as of now, we have made significant improvements to our trading conditions, with spreads on all FX Majors, Indices, Metals & Energies...

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Brexit

Brexit reality stokes fears for the peace in Northern Ireland
Brexit reality stokes fears for the peace in Northern Ireland

The deep anger among some pro-British unionists in Northern Ireland over post-Brexit trade barriers that cut it off from the rest of the United Kingdom is emblazoned along the road from Belfast to the mainly Protestant port town of Larne....

Pound Optimism Fades Along With Brexit Glow for Asset Managers
Pound Optimism Fades Along With Brexit Glow for Asset Managers

The pound’s Brexit deal honeymoon looks well and truly over, with the currency off to the worst start to the year among its Group-of-10 peers. Allianz Global Investors has taken a short position on sterling against the euro, citing the...

The Brexit deal leaves the future uncertain for financial services — here’s what is at stake
The Brexit deal leaves the future uncertain for financial services — here’s what is at stake

Britain formally left the European Union’s trade bloc on Dec. 31, marking a new era for the U.K.-EU relationship. After months of wrangling, new rules for trade were finally agreed just days before the year-end deadline. But in a document...

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