USDCHF seems to be forming a bullish zigzag that consists of primary sub-waves Ⓐ-Ⓑ-Ⓒ. The market has completed an impulse wave Ⓐ, which was followed by a horizontal contracting triangle in wave Ⓑ. It seems that the pair has now begun… Read More

There is an increasing expectation that the ECB might actually make a policy change at their next meeting. But as for whether that will have an impact on the exchange rate, that's another question. EURUSD has been moving higher of late,… Read More

EURAUD weakening to a 5-month low of 1.6030 is a price level not reached in the last five months. What is more interesting with the pair's decline, however, is the break of the >3years ascending channel. The daily chart above suggests… Read More

China: Trump is a Hypocrite Relations between the US and China seem set to deteriorate further. This week, Chinese officials criticized President Trump over his handling of the Black Lives Matter protests across the US. Protests and… Read More

The precious metal is down close to 0.80% intraday amid improving market sentiment. Following the lower high forming at 1745.14, the declines are potentially signaling a further drop. For the moment, the lower support level at 1717.65… Read More

WTI Crude oil prices rose more than 2% intraday on Tuesday. The gains came on the back of developing fundamentals that are bullish for the commodity. With prices now rising higher, we expect the gains to continue. The next main… Read More

The British pound continues to maintain its bullish stance. Price action rose to a five-week high, on the back of a weaker dollar. The next main resistance is at 1.2589 which could put the temporary gains on hold for the moment. This… Read More

The euro currency is posting a strong recovery with price action rising to a three-month high. This comes as prices break past the key level of 1.1132. Further gains could see this price level turning to support. Therefore, a pullback… Read More

The current SPX500 structure hints to a standard zigzag. The bearish pattern consists of cycle degree sub-waves a-b-c. Wave a completed in an impulsive manner. Correction wave b is under development at the time of writing. Wave b… Read More

The BOC meeting tomorrow is going to be special. Not because we're forecasting a major change in policy, but because it's the first to be presided over by the new Governor Tiff Macklem. Analysts are going to be keen to interpret his new… Read More