2022

AUDUSD struggles to bounce The Australian dollar recoups losses over upbeat retail sales in May. The price action has been looking to hold on to its recent gains above 0.6850. An oversold RSI attracted some buying interest, but buyers…
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Bitcoin’s recent recovery back above the psychological level of $20,000 was a sign of a rebound. However, since then a strong consolidation has occurred, with investors expecting an imminent breakout. With Rising interest rates…
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Tomorrow, OPEC will hold its monthly Joint Ministerial Committee meeting, which will issue recommendations for the cartel's production starting in August. Typically, the full OPEC meeting the next day simply adopts the recommendations of…
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The GBPUSD pair seems to be forming a global corrective triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ.…
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EURUSD consolidates gains The US dollar treads water over lower inflation expectations. The euro gained traction after it bounced off the key support (1.0350) on the daily chart. A pop above 1.0500 has prompted short-term sellers to…
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After UK Consumer Confidence dropped to the lowest levels since records began, Germany is expected to do the same tomorrow, for the second time in a row. The crisis of confidence in consumers represents a significant concern for economic…
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In the long term, EURUSD shows the formation of a bearish corrective trend. This could take the form of a double zigzag consisting of cycle waves w-x-y. It is likely that in mid-May, the construction of the actionary wave w ended.…
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EURGBP tests support The pound inched higher as Britain’s retail sales showed a smaller-than-expected contraction in May. The euro came under pressure at 0.8640 for lack of momentum. The bulls have sought support in the demand zone…
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GBPUSD weakens as recession looms Sterling tumbles as Britain's cost-of-living crunch is pushing the country to the brink of recession. Inflation hit a new 40-year high of 9.1% in May as soaring energy bills and Brexit trade friction…
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