US Dollar (USD)

The 1H timeframe of the DXY index suggests the completion of a global corrective trend. This has taken the form of a triple zigzag consisting of five cycle waves w-x-y-x-z. Therefore, the formation of the initial part of a new…
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The USDCNH formation shows the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ. In the long term this seems to be forming a cycle correction IV. The last primary wave Ⓒ takes the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5). The final…
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The internal XAUUSD structure suggests a global correction pattern, which takes the form of a cycle triple zigzag. On the current chart, we see the structure of the bearish cycle intervening wave x. This looks completed in the form…
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The ECB won't meet until September 8th, which is before the next release of inflation data. Meaning that they will likely be deciding monetary policy on the data that comes out tomorrow. And this could be a pretty big deal, because…
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USDJPY bounces back The US dollar clawed back losses as services PMI exceeded expectations. A bullish RSI divergence indicates a loss of momentum in the sell-off. The pair bounced off the demand zone around 130.50 at the start of the…
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USDCAD struggles for support The Canadian dollar consolidated after Canada’s GDP showed signs of slowing down in May. A series of lower lows and a fall below the daily support at 1.2840 further weighed on short-term sentiment. A…
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USDCAD seems to be forming a long-term correction wave (4) of the intermediate degree. This is part of the global downward impulse Ⓒ of the primary degree. The correction wave (4) consists of minor waves W-X-Y-X-Z. Most likely, the…
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The structure of the DXY index hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. Most likely, a cycle actionary wave z is currently under construction. The internal structure of the wave z suggests a…
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The internal structure of the USDCNH pair hints at the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ. This in the long term forms a cycle correction IV. The final primary wave Ⓒ takes the form of an intermediate 5-wave impulse (1)-(2)-(3)-(4)-(5).…
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On the USDCAD chart, we see that the market is developing a long-term corrective wave (4) of the intermediate degree, which is part of the global downward impulse of the primary degree. Presumably, the corrective wave (4) is a side…
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