2022

NZDUSD struggles to bounce The New Zealand dollar treads water as Q2 retail sales numbers disappoint. The pair is grinding the demand zone (0.6150) from a bullish breakout in mid-July. A bullish RSI divergence shows a deceleration in…
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After a steep rise in interest rates around the world, it's natural to question at what point central banks will stop. This is where bankers start using a technical term: "neutral level". The thing is, what exactly constitutes a "neutral…
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The current USDCHF structure on the 1-hour timeframe shows the final part of a large triple zigzag consisting of cycle sub-waves w-x-y-x-z. The intervening wave x, which is a double zigzag Ⓦ-Ⓧ-Ⓨ, has recently come to an end. The…
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EURUSD sees limited bounce The US dollar retreated after PMI data showed a slowdown in business activity. However, the euro’s fall below parity and July’s low indicates that sellers are in control. As last month’s rally turned out to…
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US indices fell rather dramatically in the last two sessions. There were a couple of factors contributing, but the Jackson Hole symposium later in the week is seen as a risk catalyst. But in early trading today, better than expected PMI in…
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USOIL suggests the development of the final part of the global impulse wave a of the cycle degree. The 1H timeframe shows the final primary wave ⑤, which takes the form of an intermediate impulse. It is possible that an…
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USDCHF pops resistance The US dollar rallies as Fed officials reiterate an aggressive tightening stance. A bearish RSI divergence as the pair grinded the supply zone at August’s high (0.9650) turned out to be a false alert for lack of…
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