US Dollar (USD)

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 final wave z takes the form of a primary double zigzag Ⓦ-Ⓧ-Ⓨ, where the…
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AUDUSD consolidates The Australian dollar steadied after the RBA minutes hinted at a slowdown in hikes. A lack of support for the recent rebound is a sign that the bulls struggle to hold onto their gains. A drop below the daily support…
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The structure of the USDJPY currency shows the formation of a global impulse trend. On the current chart, we see prices rising in a cycle wave V which takes the form of a 5-wave impulse ①-②-③-④-⑤ of the primary degree. In the…
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The internal structure of the GBPUSD currency pair suggests the formation of a global 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 takes the form of a primary triple…
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EURUSD seeks support The US dollar surged after consumer prices rose faster than expected last month. The euro’s rally came to a halt in the supply zone around 1.0190, then a fall below 1.0090 forced leveraged short-term long positions…
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Tomorrow is likely to be one of the most important days for the markets this week, because we get some crucial data ahead of the FOMC meeting next week. To make matters more interesting, the Fed is already in its blackout period. Meaning…
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GBPUSD hits 30-month low as recession looms The pound suffers from a symptom of high inflation and high interest rates. Expectations of steep rate hikes by the BoE fails to impress traders who tend to shy away from risk assets.…
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AUDUSD seems to be forming a zigzag a-b-c, which currently includes a complex bearish correction b. Wave b consists of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The last section of the chart shows the structure of the final primary wave Ⓩ. It…
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The current USDCAD timeframe shows the internal structure of the long-term correction wave (4) of the intermediate degree. This is part of the global downward impulse Ⓒ of the primary degree. It is likely that the correction wave (4)…
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