2019

The current long-term structure on AUDUSD hints to a triple combo wave in the cycle degree, labeled w, x, y, x, z. The last part of the bearish zigzag (wave z) consisting of primary sub-waves Ⓐ -Ⓑ -Ⓒ is currently under formation.…
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We're in for a busy close of the week! There are several key events likely to rile up the euro during the early European session. For now, we'll focus on the news coming out of Germany, where we are expecting to get confirmation that…
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The risk-off sentiment in the market was fueled by President Trump’s latest tweet. The US-China trade talks which seemed to have been progressing hit a roadblock. Trump tweeted that if China fails to make a deal, he would raise tariffs…
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GBPJPY seems to be forming an intermediate bullish impulse (A) consisting of minor sub-waves 1-2-3-4 and 5. The current structure suggests that the minor corrective wave 4 is a triangle and it’s coming to an end soon. After the full…
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Like many questions about trading profitability, the answer is far from cut-and-dry. There are certainly people and businesses making substantial profits with the Automated Forex Trading Systems. But it also has its pitfalls, and there are…
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The US Federal Reserve Bank will be releasing their meeting minutes today. The minutes cover the central bank’s monetary policy meeting held on October 30th this year. The minutes will be interesting as they cover the meeting where the…
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The renewed reports on the progress of talks between the US and China saw a rather lackluster response from the markets. Reports surfaced that both parties are negotiating on the rollback of tariffs. The report indicates some progress in…
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We talked about NZDUSD a few sessions back. The current formation hints to a double zigzag pattern consisting of primary waves Ⓦ-Ⓧ-Ⓨ. The primary structure suggests that waves Ⓦ and Ⓧ are completed, whereas wave Ⓨ is under development.…
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There are a couple of events on the economic calendar tomorrow to move the Canadian dollar. While Canada has, so far, been sidelined by global uncertainty, it doesn't mean that they will always be. We need to be wary of any signs of a…
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President Trump’s meeting with Fed Chair Jerome Powell and Treasury Secretary, Steven Mnuchin saw a cautious response from investors. Trump tweeted that he met with Powell and Mnuchin to discuss monetary policy, trade, and the US dollar.…
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