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USDCHF

USDCHF In Correction Pattern

The current USDCHF structure suggests that a bullish zigzag is forming. The primary degree pattern consists of waves Ⓐ-Ⓑ-Ⓒ. Wave Ⓐ completed in a 5-wave impulse, and wave Ⓑ in a simple zigzag (A)-(B)-(C). Similar to wave Ⓐ, wave Ⓒ is… Read More

The Week Ahead: Long March

USDJPY Softens on Grim Outlook The Japanese yen continues to show resilience against the US dollar after hitting April’s low. The Federal Reserve’s dovish outlook has injected some discomfort into investor sentiment. Meanwhile,… Read More

The Week Ahead: All In

EURJPY Surges as ECB Props up Economy The euro rose to a 13-month high against the Japanese yen as markets unwind their safe-haven bets. Broad optimism has found support from the ECB’s latest effort to stimulate the bloc’s economy.… Read More

The Week Ahead: Price of freedom

EURGBP Rises Over Brexit Impasse The euro was put back on track thanks to the 500 billion euro recovery fund recently agreed between France and Germany. The much-awaited stimulus package is likely to boost investor sentiment for the… Read More