2023

There is a possibility that Gold in the long term builds a primary double zigzag consisting of three main sub-waves Ⓦ-Ⓧ-Ⓨ At the moment, the third sub-wave Ⓨ is under development. The wave Ⓨ, judging by the structure, takes the…
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AUDUSD tests key support The Australian dollar slumps as slowing inflation could let the RBA ease its hawkish stance. The exchange rate continues to lose ground after it failed to stay above the brief consolidation over 0.6670. 0.6580…
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Overnight, the USDJPY rose to the 144 handle which it hadn't seen since November of last year. This new weak point in the Japanese currency is just the latest in a long trend that has been going on since April. That's when markets came to…
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In the long term, the SPX500 continues to form a large impulse trend consisting of sub-waves I-II-III-IV-V. Its final fifth part is under development. After the end of the complex cycle correction IV, the price began to creep up,…
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USDCAD attempts to bounce The Canadian dollar softened after May’s CPI came out of expectations. The pair remains under pressure with a series of lower lows demonstrating a growing downward pressure after it fell through 1.3250, with a…
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Over the course of Thursday and Friday we will get the release of inflation data out of the EuroZone. With the intense debate in the ECB about the trajectory of future rate hikes, the data could be pivotal for how the Euro performs. There…
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Get ready to trade the NFP LIVE with our leading experts!  Join our resident US market specialists, David Kindley and Daniel John Grady for an exclusive live webinar on the upcoming Non-farm Payrolls release, on July 7th, 2023.  All…
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Gold remains precarious, just above the recent multi-month low. The focus will now shift to PCE data on Friday for more volatility with the yellow metal. Hawkish central banks continue to manipulate the metal market as Silver also…
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In the long term, BABA stock is building a bearish triple zigzag w-x-y-x-z of the cycle degree. On the current chart we see the final part of the actionary wave y and the second intervening wave x. Now the formation of the…
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USDCHF forms triple bottom The US dollar bounces as risk aversion compounds the Fed’s hawkish stance. The bull’s second attempt came to a halt at 0.9010 which is a support-turned-resistance after a mid month sell-off. A failure to…
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