2021

The internal structure of the SPX500 index suggests the construction of a large impulse trend that consists of primary sub-waves. At the time of writing, primary wave ③ is under development. It is a bullish impulse marked by…
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XAUUSD struggles for support Gold is stalling ahead of US inflation data expected later today. A bearish MA cross on the daily chart weighs on overall sentiment. The bulls have been eager to buy the dips in the demand zone from last…
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There are two key bits of fresh data that could influence the dollar tomorrow. The one that is most likely to get all the attention is the release of the inflation numbers for November. And the consensus among analysts is that the…
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In the current structure of USDJPY a large triple zigzag consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ is developing. Most likely, the four parts of this triple zigzag have ended. The last actionary wave Ⓩ is currently under development.…
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USDCAD tests key support The Canadian dollar inched lower after the BOC left its interest rate unchanged as expected. The pair has met stiff selling pressure at the supply zone around 1.2850, a triple top on the daily chart. A drop…
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The current XAUUSD formation suggests that the market has completed the construction of a cycle intervening wave x. It took the form of a primary double zigzag. After the completion of wave x, the development of the cycle wave z…
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The general turnaround in risk sentiment this week has largely been attributed to the latest studies pointing to the omicron variant being less virulent than prior variants. But what also gave the market a push early on Monday was the…
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EURUSD seeks support The euro bounced higher after the bloc’s Q3 GDP beat expectations. A previous rebound was capped by the 20-day moving average, suggesting that the bearish sentiment still prevails. The RSI’s double top in the…
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