2021

USDCHF sees rally over-stretched The US dollar tanked after an increase in US jobless claims tempered market optimism. The pair has met stiff selling pressure at 0.9470 since last July. The RSI has repeatedly ventured into the…
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The XAGUSD hourly timeframe shows the structure of the middle part of the cycle triple zigzag. We see that after the completion of the cycle wave y, the market has formed a primary triple zigzag, which is the intervening wave x. Wave…
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Tomorrow, we have the release of the latest US jobs data, NFP Release and Market Impact. As the markets are closed for Good Friday, the data won't have an immediate effect. The US Federal Government, however, continues working, and that…
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SPX 500 breaks to new high Stock markets cheered President Biden’s $2 trillion infrastructure plan to revitalize the US economy. Following a brief correction, the S&P has already established a firm base above 3850. A bullish…
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Tomorrow we have a host of important data coming out of the euro area, with a particular emphasis on Germany. CPI data on an individual state level surprised expectations with an acceleration. So, now, there are questions about what…
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The USDCNH formation hints at the completion of the cycle intervening wave x, which took the form of a triple zigzag. Immediately after the end of wave x, the initial part of the new bullish trend began. Currently, the formation of…
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USDJPY (USDJPY): Atteso Un Ripiego Correttivo S2: 108.4     S1: 109.21     R1: 111.65     R2: 112 Il Dollaro USA si avvia a chiudere il primo trimestre dell’anno in forte recupero nei confronti dello JPY validando un efficace…
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EURUSD capped by bearish moving averages The US dollar continues to advance across the board supported by improving economic outlook. After a short pause along the 20 and 30-hour moving averages, the sell-off renewed below 1.1760. A…
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