2022

GBPUSD grinds key resistance Sterling rallies as a small-than-expected fall in the UK’s retail sales alleviates recession fears. A bullish RSI divergence showed a deceleration in the latest sell-off. Then a rally above 1.2400 provides…
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The last time the EURUSD hit 1:00 was way back in late 2002. At the time, the world was struggling with the dot-com bubble burst, and an impending invasion of Iraq. Just last week, the most traded pair dropped to the 1.04 handle, the lowest…
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The USDCHF chart shows the final part of a large triple zigzag consisting of cycle sub-waves w-x-y-x-z. Currently, there is a development of the actionary wave z of the cycle degree. Wave z will most likely take the form of a triple…
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AUDUSD breaks resistance The Australian dollar climbs back as China gradually reopens Shanghai. The pair has bounced off a two-year low near 0.6800. A break above 0.7050 may prompt sellers to cover their positions, easing the downward…
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Yesterday, the Dow dropped by over 1,000 points again. The benchmark S&P 500 was down 4.0% and the Nasdaq even worse. While markets are in a bearish trend, this isn't entirely unexpected. But such a large move after only a couple of…
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The internal structure of the USDJPY currency indicates the formation of a global impulse trend, which consists of cycle waves. On the 1H timeframe, we see the final part of the sideways correction IV, which is a primary triangle.…
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USDCAD attempts to rebound The Canadian dollar softened after a slowdown in April’s CPI growth. The US dollar is seeking support after it broke above December’s high at 1.2960. The pair is testing the origin of the previous bullish…
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