Euro rebound could stall, but more gains to come
The euro currency is up over intraday on Tuesday. The gains come following the common currency holding on to the support at level. The Stochastics oscillator is...
XAUUSD: Are We Heading Lower Impulsively?
The current XAUUSD structure hints at a bearish trend. The potential 5-wave impulse consists of primary waves ①-②-③-④-⑤. With impulse ① competed and the upside zigzag (A)-(B)-(C) correction in...
GBPNZD – Potential Grind Lower
There are a lot of events implicating the GBP, the latest being PM Boris Johnson contracting COVID-19 and being moved to the intensive care unit. The news has kept...
Identifying the Start of the COVID-19 Recovery
There isn’t much consensus about the future of how the COVID-19 pandemic will evolve. Even the experts who advise world leaders can’t provide a clear timeline. But, something all...
UK PM In Hospital As Death Toll Soars
Johnson in Hospital For Tests The UK PM was admitted to hospital this week following over ten days in isolation due to testing positive for coronavirus. The PM was...
Sterling breaks to the downside from its range
The pound sterling is looking to break out from its range as price slipped from the lower range on Friday. The declines below level could indicate a move...
WTI maintains strong gains for a second day
WTI crude oil prices are rising higher for a second day. Prices rose over 16% into Friday’s close, led by the optimism of an OPEC supply cut. At the...
Euro rebounds off support, as expected
The euro currency’s gradual declines pushed the currency down to the support area of into Friday’s close. As widely expected, price quickly bounced off this support level to...
EURUSD: Recent Decline Part of Correction
The current EURUSD structure suggests that we could be looking at the final part of a cycle-degree zigzag consisting of sub-waves w-x-y. At the time of writing, wave y...
What Is the “Kelly Criterion” in Forex?
Put simply, the Kelly Criterion or Formula is a way to calculate how much of their assets a Forex trader should risk on any given trade in order to...