technical analysis

The current XAUUSD structure hints to a bullish impulse consisting of primary waves ①-②-③-④-⑤.  The first four parts of the 5-wave move look fully complete, whereas wave ⑤ is still under development.  Wave ⑤ consists of intermediate… Read More

Equity markets were seen trading rather flat for the third consecutive day. The rally looks to be pausing for the moment as the earnings season gets underway. The declines were attributed to mostly weaker banking stocks leading the way.… Read More

After the completion of the cycle-degree impulse wave a, we could see a ‘three’ wave b taking place. The corrective Ⓐ-Ⓑ-Ⓒ formation seems to suggest that we are in a primary zigzag pattern. The zigzag’s wave Ⓐ is fully completed, whereas… Read More

Gold Its been a rather muted week for the yellow metal. Following moves in both directions, gold is trading roughly flat on the week as of writing. In the absence of any key US data, there has been limited movement in the USD, which is… Read More

The Bank of Canada held its monetary policy meeting on Wednesday. As widely forecast, the BoC left the key interest rate steady at 1.75%. Ahead of the BoC meeting, Canada’s inflation data came out. Consumer prices were seen to be fairly… Read More

The current EURUSD structure hints to a w-x-y-x-z pattern. At his stage, the second intervening wave x of the triple combination is under development. The corrective wave x consists of waves Ⓦ-Ⓧ-Ⓨ and is a double zigzag. With Ⓦ-Ⓧ… Read More

Equity markets were mixed as both the Dow Jones and the S&P500 were slightly weaker. The exception was the Nasdaq index, which rose to fresh highs. At the Davos summit, President Trump gave a speech. He cheered on the US economy… Read More

The depicted DXY structure above hints to a w-x-y combination in which the final y wave is still under development. Wave y consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ and unrolls in a zigzag pattern. At this stage, we are expecting the… Read More

The International Monetary Fund (IMF), in its latest report, trimmed global growth forecasts. For the year 2020, the IMF expects growth to rise by 3.3%. This is slightly higher in comparison to the 2.9% forecasts which grew in 2019.… Read More