2023

EURUSD finds support The US dollar pulls back as market sentiment stabilises. Coming off the start of the February sell-off at 1.0930, the pair is looking to keep the correction in check. The base of the bullish breakout at 1.0710 is…
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If you paid close attention to the Fed's latest interest rate decision, you still might have missed something. In fact, hardly any major media is picking it up, but it's important to markets. The Fed is back in the bond buying business. So,…
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In the long term, XAGUSD is probably building a triple zigzag consisting of cycle waves w-x-y-x-z. The current chart shows the internal structure of the second Intervening wave x. This could be a triple zigzag of the primary degree…
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USDCAD tests support The Canadian dollar bounced on upbeat retail numbers in January. On the daily chart, the upward bias remains intact with the two-week long pullback securing solid buying over 1.3630 at the confluence of the 20-day…
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EURUSD recovers on narrowing rate gap The euro rallies as the pace of tightening across the Atlantic diverges. From sticky inflation on the one hand to fragility in the banking sector on the other, the Fed will need to thread the…
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Gold got a boost following the Fed's rate decision and managed to poke above $2,000/oz briefly on Thursday. But resistance seems to have been sufficiently strong to keep price action below that level. Given the latest turmoil in the markets…
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DXY seems to be forming a triple zigzag pattern consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. Waves Ⓦ-Ⓧ-Ⓨ-Ⓧ have ended. The actionary wave Ⓨ is a double zigzag, and the second intervening wave Ⓧ is a standard zigzag. In the near future,…
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