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XAUUSD Impulsive Structure Hints To Upside
The XAUUSD structure indicates that a bearish corrective wave (4) has ended. A rise in a new bullish impulse formed the minor waves 1 and 2.
Minor wave 3 is currently under development with the structure schematically on the chart.…
DXY: Has Cycle Correction IV Ended?
The current DXY structure hints at a bearish cycle impulse. The corrective wave IV is partially complete, which took the form of a primary double zigzag.
In the last section of the chart, we see the formation of the fifth wave. This…
XAGUSD Cycle Trend To Update Previous High
The structure of the XAGUSD currency pair shows a cycle triple zigzag under construction. As part of the second intervening wave x recently ending.
The cycle wave x is a bearish triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. After completing this figure, we…
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…
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…
XAUUSD Has The Triple Zigzag Completed?
The current structure for gold shows a bearish corrective wave (4), which has been formed for a long time. Most likely, it came to an end, taking the form of a minor triple zigzag.
At the time of writing, the initial part of the new…
The Week Ahead: New Deal Version 2021
USDJPY extends recovery with robust jobs data
Sentiment for the dollar remains upbeat as the pair bounces back to its pre-pandemic level from a year ago.
The US labor market showed solid growth again in March with 916k jobs added.…
DXY Bearish Impulse Has Just Begun
The current structure of the DXY index hints at the completion of the cycle correction IV. This correction took the form of a double zigzag of the primary degree.
In the next coming trading weeks, we could see a decline in the price and…
XAGUSD: Will Silver Break Through 26.63?
The XAGUSD hourly timeframe shows the structure of the middle part of the cycle triple zigzag.
We see that after the completion of the cycle wave y, the market has formed a primary triple zigzag, which is the intervening wave x.
Wave…
USOIL: Is Primary Correction ④ Complete?
The formation of oil shows a bullish cycle wave c, taking the form of a primary impulse ①-②-③-④-⑤.
After the completion of impulse wave ③, prices declined as part of the primary zigzag correction wave ④.
Thus, the bullish impulse wave…