2022

The internal AAPL structure suggests the development of the primary fifth wave. This takes the form of an ending diagonal (1)-(2)-(3)-(4)-(5) of the intermediate degree. At the level of 150.33, an intermediate correction (4) in the…
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USDCHF tests daily resistance The US dollar edged higher as Treasury yields touched a 3-year high. A surge above the supply zone around 0.9370 is a strong sign that the bulls have regained control of the direction. The daily…
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USDJPY rallies over widening rate gap The Japanese yen hit a 20-year low against the US dollar as traders buy into a hawkish Fed. Low yield currencies have been lagging behind as the US central bank ramps up monetary tightening.…
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Earlier this month, the Bank of America's research department sent a note to clients suggesting that the next month or so could be a bright spot for US equities. Broadening out the analysis to include other markets, the reports we are…
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USDCNH suggests the construction of a large bearish impulse that consists of primary sub-waves ①-②-③-④-⑤. On the current chart, we see a correction movement within the primary wave ④. This wave takes the form of a double three…
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EURUSD breaks key support The euro fell after the ECB insisted that there is no rush to raise interest rates. The price has given up all gains from the March rebound. Even though a bullish RSI divergence shows a slowdown in the…
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On Wednesday, China reported its March trade balance data. Normally, it has a minor impact on markets, as it is related primarily to the Asian giant's trade partners. However, this time the release brought some interesting insight into…
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AUDUSD suggests the formation of a large impulse of a cycle degree that consists of primary sub-waves ①-②-③-④-⑤. The current chart shows the internal structure of the final wave ⑤. Most likely, wave ⑤ will take the form of an…
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