2023

Tesla delivered 40% more vehicles than in 2021. However, the company fell short of Wall Street sales forecasts. This sent shares sinking by more than 12% after the update, with recession fears and higher interest rates leading to a…
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The internal structure of BABA shares suggests the construction of a bearish trend taking the form of a cycle triple zigzag w-x-y-x-z. We see the completed actionary wave y and the second small intervening wave x, which are double…
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EURUSD on corrective path The US dollar jumped as traders made room for the Fed minutes later in the day. The euro’s consolidation at the end of December has failed to achieve a new high. A sharp drop below the demand zone…
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The Fed has raised rates 7 times in a row, and the consensus among analysts is that it will do so again at the end of the month. At the moment, the majority of economics expect a 25bps hike, which would continue the "leveling off" trend…
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Looking at the 1H timeframe for the NZDUSD currency pair, we see that the market has already completed the formation of a cycle actionary wave y. In the last section of the chart, we can see the formation of a new bullish trend.…
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GBPUSD seeks support The pound underperforms as market participants remain worried about the UK’s economy in 2023. The pair continues to drift lower due to buyers taking profit after a two-month long rally and new sellers getting into…
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Through at least the early part of this year, the ECB is expected to go against the trend of most other major central banks. The BOE and Fed are expected to continue to slow the pace of rate hikes as inflation comes down, the economy comes…
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GBPJPY suggests the construction of the final part of a large correction pattern – a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. That is, an actionary wave Ⓩ is formed. It seems to take the form of an intermediate double zigzag (W)-(X)-(Y). The…
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USDJPY tests critical floor The Japanese yen rallies as the BOJ considers raising its inflation forecast. The dollars rebound came to a halt at a previous low (134.50) from early December, which has turned into resistance. Sentiment…
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