Technical Analysis

The current USDCAD timeframe shows the internal structure of a large correction pattern. This most likely takes the form of a cycle triple zigzag w-x-y-x-z. The first four parts of this construction have ended. Now the final…
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USDJPY sees little upside The Japanese yen may find support from an acceleration in November’s Tokyo CPI. A bearish MA cross on the daily chart indicates an acceleration to the downside. A brief bounce has met stiff selling pressure at…
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The GBPJPY pair forms a global corrective trend taking the form of a double zigzag. On the 1H timeframe, the final the actionary wave y of the cycle degree of this trend is visible. Wave y takes the form of a triple zigzag of the…
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EURUSD finds support The dollar struggles over downbeat PMI in both manufacturing and services. The euro came under pressure at the support-turned-resistance of 1.0450 from last summer. The pair has been consolidating its gains after…
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The chart of the USDJPY pair shows a global cycle impulse pattern recently ending. Then a decline in prices and the formation of a new bearish trend began. A bearish double zigzag of the primary degree Ⓦ-Ⓧ-Ⓨ could form in the market.…
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NZDUSD holds high ground The New Zealand dollar rallied after the RBNZ raised its interest rate by 75bp. A break above the September peak of 0.6150 has strengthened the case for an extended rally. The pair is consolidating its recent…
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The current GBPUSD structure suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The wave z most likely takes the form of a…
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GBPUSD consolidates gains The pound found support after the UK budget committed to austerity. The pair came under pressure at the psychological level of 1.2000 which coincides with the origin of a bearish acceleration back in…
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On the 1H chart for the EURUSD, we can see the development of a bearish cycle impulse, which consists of five main sub-waves I-II-III-IV-V. Most likely, the cycle impulse sub-wave III was fully completed, after which the formation of…
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