Technical Analysis

After the $70 jump on Friday's session, Gold has kept pushing as the $2k level is tested. With the banking turmoil in full swing, will the yellow metal push past yearly highs? Safe-haven moves could be trimmed as UBS prepare to rescue…
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In the long term, the USDCNH pair is building a double zigzag of the cycle degree w-x-y. In February, the bearish intervening wave x ended. This had the form a double zigzag Ⓦ-Ⓧ-Ⓨ of the primary degree. It is assumed that the initial…
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USDJPY drifts lower The US dollar slips as traders expect a modest 25 bp hike from the Fed amid banking troubles. A drop below the recent swing low of 132.40 has invalidated the rebound and put the pair back on a bearish trajectory in…
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USDCHF consolidates ahead of Fed response The US dollar whipsaws as traders reprice rate hikes amid financial instability. Policy guidance has so far been data-dependent, not so much with banking headlines lately, which would make…
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The current chart of the USDCAD pair shows a correction pattern of a triple zigzag marked with cycle waves w-x-y-x-z. The four waves w-x-y-x have been fully completed, and now the final actionary leg is being built – the sub-wave z.…
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NZDUSD recoups losses The New Zealand dollar steadies as market sentiment tries to stabilise amid bank rescues. After flirting this month’s high of 0.6270 over the 30-day SMA, two shooting star patterns indicate the bulls’ struggle to…
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The SPX500 index continues the development of a major impulse consisting of sub-waves I-II-III-IV-V. On the current chart, we can notice a cycle correction IV in the form of a primary triple zigzag, after which the price moved…
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EURUSD grinds major support The US dollar surged as Credit Suisse's difficulties spurred safe-haven buying. A bearish RSI divergence was a warning sign of a deceleration in the latest rally. The confirmation came in in the shape of an…
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In today’s advanced #ElliottWave analysis, Gregor dives into the five most interesting opportunities for the week ahead! Watch how he analyses #equities, #FXMajors, and #Commodities and discover how he applies EW principles to come up…
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