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GBPUSD: Final Leg Of The Triple ZigZag Has Just Begun
The
The GBPUSD currency pair seems to be forming a cycle trend in the long term. On the 1H timeframe, we see the final part of the first cycle wave w.
The wave w takes the form of a primary triple zigzag. The primary intervening wave Ⓧ,…
Intraday Market Analysis – Bullish Extension
AUDUSD gains momentum as rally extends
Markets bid up the Australian dollar after the country’s unemployment rate dropped from 5.8% to 5.6% in March.
A brief pullback overnight near the 30-hour moving average (0.7700) was met with…
The Markets in Waves: EURUSD, GBPUSD, AUDUSD, DOW & GOLD!
In today’s video, our Head of Investment Research Stavros Tousios dives into the top Elliott Wave opportunities the markets have in store for us.
Asset TimeStamps are as follows:
EURUSD 01:00
GBPUSD 04:00
AUDUSD…
What to Expect Ahead of China Q1 GDP
The markets are on tenterhooks ahead of the release of the first GDP figures from one of the world's major economies for the first quarter.
Most of the world saw a second wave of covid cases far exceeding the first, with a return of…
StockWatch: US Banks Hit a High Note
As the earnings season begins JPMorgan and Goldman Sachs were both given a boost as they both beat profit estimates.
JP Morgan posted a first-quarter profit of $4.50 a share, whilst Goldman Sachs posted per-share earnings of $18.60,…
USOIL Double Zigzag To Complete Near 52.63
The USOIL chart shows the final part of a large bullish impulse consisting of primary sub-waves ①-②-③-④-⑤.
Wave ④ is still under development at the time of writing. This is the penultimate wave in the cycle impulse c.
The correction ④…
The Markets in Waves: DXY, USOIL, USDCAD, GOLD & USDTRY!
In today’s video, our Head of Investment Research Stavros Tousios dives into the top Elliott Wave opportunities the markets have in store for us.
Asset TimeStamps are as follows:
DXY 00:40
USOIL 02:30
USDCAD 05:10…
Intraday Market Analysis – Bullish Turnaround
NZDUSD recovers above daily MA
The New Zealand dollar gained support after the RBNZ kept its monetary policy unchanged.
The Kiwi has found an effective floor above the psychological level of 0.7000 after a week-long sideways action.…
SPX500 Bulls Target 4352.98
The SPX500 has been moving up in a cycle wave V, which takes the form of a primary impulse ①-②-③-④-⑤.
The first four parts of this impulse are complete, with wave ⑤ is still under development.
In the short term, we could expect the…
StockWatch: J&J Pause Vaccination Jabs
The US, South Africa, and the EU will temporarily stop the rollout of the Johnson & Johnson covid-19 jab, after reports of rare blood clotting.
As a result, J&J has paused its EU rollout which started this week.
One company’s…