Browsing Category

Commodities

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…

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…