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AUDUSD

The Week Ahead: Imitation Game

EURNZD Falls Back Ahead of ECB Decision The euro is likely to be in the spotlight this week as the Eurozone’s GDP data will be followed by the ECB’s monetary policy meeting. Last week’s CPI has sounded the deflation alarm and…

AUDUSD Triple ZigZag in Its Final Leg

AUDUSD seems to be forming a triple zigzag in cycle wave b. The bullish pattern consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The current structure suggests that we are in the final wave. Wave Ⓩ is a standard zigzag (A)-(B)-(C) of the…

The Week Ahead: Double or Nothing

USDCHF Tanks as Contagion Spreads When the US sneezes, the dollar catches a cold as the country is having a hard time containing the coronavirus. Recent spikes in infection rates and unemployment claims have heightened…

The Week Ahead: The Face Off

EURJPY Awaits EU Agreement On Rescue Fund The euro has been striving to keep its high ground as European Union leaders discuss the EU’s 2021-27 budget in their first face-to-face meeting since the start of the pandemic. Notable rifts…

AUDUSD Close To Ending Triple ZigZag

The AUDUSD structure shows a completed cycle degree impulse wave a. This is followed by a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag in wave b. Wave Ⓩ of the complex pattern has completed only waves (A) and (B) of the bullish (A)-(B)-(C) correction. The…