2022

We talked about the situation on the DXY index a little more than two weeks ago. Its internal structure shows the completion of the global corrective trend. This took the form of a triple zigzag consisting of cycle waves w-x-y-x-z.…
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EURUSD attempts to rebound The US dollar retreats as traders take profits over a crowded trade. The RSI’s oversold situation on the daily chart shows exhaustion past parity and the dollar could use some breathing room. As the bias…
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As prices around the globe increase, consumers can buy less with the same amount of money. Some consumers have the capacity to increase spending. Either by borrowing money, getting a new job, or getting a raise. But, with average wages in…
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The current Gold chart shows a large correction pattern which takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x. This looks completed in the form of a…
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USDJPY tests key resistance The US dollar edged higher after Fed officials reiterated the need to keep tightening. The pair has recouped most of the losses from a previous liquidation, which suggests solid buying interest at 140.50…
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The ECB has only two more meetings for the rest of the year. Which means that the space to get inflation under control by the end of December is getting tight. The common bank is behind other major central banks in raising policy, which has…
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AMZN suggests the development of a zigzag, which consists of sub-waves a-b-c of the cycle degree. The first major wave a ended as a bullish 5-wave impulse. In the last section of the chart, we see a decrease in the price, which could…
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