2022

USDCAD seems to be forming a long-term correction wave (4) of the intermediate degree. This is part of the global downward impulse Ⓒ of the primary degree. The correction wave (4) consists of minor waves W-X-Y-X-Z. Most likely, the…
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USDCHF tests critical floor The US dollar softened after the Fed raised rates by 75bp as expected. The medium-term direction still points to the upside but intraday price action may remain choppy. The pair has struggled to find bids…
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Tomorrow the US reports the first look at its Q2 GDP figures. There is already controversy even before the number is known. First, let's remember that we'll get the final number several weeks later. Following there can be some adjustments…
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The XAGUSD pair is forming a correction wave b of the cycle degree, which is part of a large zigzag. The correction b is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it have already been fully completed. The final…
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AUDUSD seeks support The Australian dollar weakened after the CPI fell short of expectations in Q2. A rally above the supply zone around 0.6960 forced more sellers to cover their bets and took the heat off the aussie. 0.6980 is the…
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Since the last Fed meeting, there have been some pretty wide variations on expectations. Initially, it was thought that the Fed's latest 75bps hike was a one-off. Then inflation data came out, and that changed the calculus, with a bunch of…
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The structure of the DXY index hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. Most likely, a cycle actionary wave z is currently under construction. The internal structure of the wave z suggests a…
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EURUSD continues to recover The euro inches higher supported by the ECB’s shift to normalising its monetary policy. The psychological effect of parity had triggered a ‘buy-the-dips’ behaviour. A surge above 1.0200 prompted the short…
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