Gold

GBPJPY bounces back The Japanese yen softened as the new BoJ governor Ueda pledged to stick to the ultra-loose policy. The pound is probing the support-turned-resistance of 166.00 from last December’s sell-off, with a couple of…
Read More

In the long term, XAGUSD is probably building a triple zigzag consisting of cycle waves w-x-y-x-z. The current chart shows the internal structure of the second Intervening wave x. This could be a triple zigzag of the primary degree…
Read More

Gold got a boost following the Fed's rate decision and managed to poke above $2,000/oz briefly on Thursday. But resistance seems to have been sufficiently strong to keep price action below that level. Given the latest turmoil in the markets…
Read More

EURGBP breaks resistance The pound struggles as a jump in February’s CPI may force the BoE to press for more rate hikes. The euro has bounced off this year’s low of 0.8730 and a subsequent surge above the key supply area around 0.8840…
Read More

XAGUSD suggests the formation of a global triple zigzag consisting of cycle waves w-x-y-x-z. On the current chart, we can see the internal structure of the second intervening wave x. This could soon end and be a triple zigzag of…
Read More

DXY is forming a triple zigzag pattern Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It seems that sub-waves  Ⓦ-Ⓧ-Ⓨ-Ⓧ have already ended. The actionary wave Ⓨ is a double zigzag and the intervening wave Ⓧ is a standard zigzag. In the near future, the price…
Read More

AUDUSD attempts to rebound The Australian dollar stalled after GDP growth slowed in the fourth quarter. The price action seems to have gained a secure footing in the 0.6650-0.6700 demand zone near the December swing low. This is a…
Read More