Summary
How would you like the market to be a friendlier environment in which to trade? In this webinar we will analyze three currency pairs in detail using Elliott Wave Analysis in a top down approach. With the wave counts we will also explain better trade entry, stop losses and profit targets in order to take your currency trading to the next level! A special webinar presented by two experts!
Juan Alberto Maldonado is a professional trader and analyst. He has been working with Jody Samuels as the Chief Elliott Wave Analyst for FX Traders EDGE. Juan writes daily articles, mentors students to help them refine their trading skills, and presents webinars through FX Street and FX Trader’s EDGE. He also teaches trading courses in Spanish and English and loves to share his Elliott Wave expertise with traders..
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Editors’ Picks
EUR/USD holds losses below 1.1650 on renewed USD uptick
EUR/USD is off the low but remains in the red below 1.1650 in European trading on Thursday. The pair faces headwinds from a renewed uptick in the US Dollar amid a negative shift in risk sentiment. Surging energy prices due to the Middle East war keep the bearish pressure intact on the Euro. The US Jobless Claims data are next of note.
GBP/USD stays weak near 1.3350 amid UK stagflation risks
GBP/USD sticks to losses near 1.3350 in the European session on Thursday. The Pound Sterling loses ground amid fears that the United Kingdom economy could face stagflation risks due to higher energy prices, while the US Dollar attracts fresh havem demand ahead of the US Jobless Claims data.
Gold climbs near $5,200 as Iran war fuels safe-haven demand
Gold price extends its gains for the second successive session on Thursday as traders seek safety amid the ongoing war in the Middle East. US and Israeli strikes across Iranian territory and widespread Iranian missile and drone retaliation across the Middle East, including attacks on regional targets and military sites, prolong the crisis and its impact.
Top Crypto Gainers: Decred, Zcash, and Dogecoin lead recovery as Bitcoin crosses $72,000
Bitcoin trades above $72,500 at press time on Thursday, holding its 6% gain from the previous day, contributing to a broader market recovery. The total cryptocurrency market capitalization stands at over $2.43 trillion as the broader market sentiment improves significantly.
FX alert: When Energy still writes the macro script the Dollar holds the pen
The market is quietly sliding back into the trade nobody wanted to own, but everyone now has to respect again. The no quick off-ramp trade. Yesterday’s bounce in risk assets already looks less like a turning point and more like a classic relief rally in a market that briefly inhaled before realizing the room was still on fire.
Here is what you need to know on Thursday, March 5:
Financial markets remain risk-averse in the second half of the week as the conflict in the Middle East widens. The US economic calendar will feature mid-tier macroeconomic data releases, while investors will remain focused on geopolitical headlines.