2022

In the long term, AUDUSD seems to be forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The primary wave Ⓩ is a simple zigzag (A)-(B)-(C). The intermediate wave (B) of this zigzag took the form of a simple bullish zigzag A-B-C. At the…
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USDCHF probes August’s low The US dollar sank as traders reassessed the Fed’s stance in light of cooling inflation. A sharp fall below the daily support at 0.9740 prompted more buyers to bail out. Then strong momentum below 0.9500 was…
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GBPUSD awaits budget catalyst The pound edges higher as Britain may look to restore markets’ confidence with a new budget. Sterling has recouped losses from the September budget firesale. Traders are awaiting a new announcement while…
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A large correction pattern is currently forming on XAUUSD, forming a cycle triple zigzag. The 1H timeframe shows the structure of the completed cycle intervening wave x. This looks like a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. There is…
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USDJPY breaks key support The US dollar crumbled after data showed a deceleration in last month’s inflation. Its recent vertical ascent might just need more breathing room. After hovering above 145.10, a sharp fall suggests a mass…
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Two days after the close of the polls in the US, and officially which party has won control of the Congress is still not known. However, given the trends and projections, the results are pretty much in line with what was expected. That is:…
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We continue to analyze the situation on the SPX500 index from the point of view of Elliott theory. It is assumed that a large impulse trend is being formed, which is marked by five sub-waves of the cycle degree I-II-III-IV-V. Perhaps…
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AUDUSD consolidates gains The Australian dollar steadies as inflation expectations beat estimates. After the pair found support over 0.6270, a lack of new lows suggests the sell-off has lost steam. Then a close above the major supply…
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