US Dollar (USD)

USDCHF takes breather A regain in risk appetite keeps the US dollar in check. A drop below 0.9960 led intraday buyers to take profit. The price is taking a breather after it broke above the double top at 1.0040, a key resistance on the…
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AUDUSD struggles to bounce The Australian dollar struggles over downbeat inflation expectations. The downtrend accelerated after the aussie cut through the demand area around 0.6400. An oversold RSI caused a rebound as intraday traders…
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EURUSD struggles for bids The US dollar keeps advancing thanks to the Fed policy momentum. The latest rally came to a halt at the parity level, a sign that the bears were eager to sell into strength. A fall below 0.9790 further weighs…
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USDCAD awaits breakout The US dollar finds support from a stronger-than-expected jobs report in September. The pair has been consolidating its gains after a vertical ascent lately. An overbought RSI on the daily chart calls for a…
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The current chart of the USDCNH currency pair shows the development of a primary zigzag Ⓐ-Ⓑ-Ⓒ. The final bullish wave Ⓒ seems to take the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5). It is possible that the last…
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USDCHF awaits breakout The US dollar bounces higher as traders bet on the Fed to stay on an aggressive tightening course. With the double top (0.9860) now out of the picture, the directional bias remains up as the greenback…
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USDJPY hits resistance The Japanese yen recovered as the Tokyo core CPI beat estimates in September. The price has recouped most losses from the previous sell-off, a sign that sentiment remains upbeat despite a temporary setback. A…
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On the 1H timeframe for the USDCHF pair, we see the final part of a large double zigzag consisting of cycle sub-waves w-x-y. The price decline in the cycle wave y, which is a primary standard zigzag, has recently ended. Currently,…
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USDCHF seeks support The US dollar falls as GDP shows a 0.6% contraction last quarter. The pair is consolidating its gains after it rose above the double top at 0.9880. A slide below 0.9850 triggered profit-taking. Medium-term…
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The current Gold chart shows a large correction pattern which takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x. This looks completed in the form of a…
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