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USDCHF

USDCHF Has Primary Wave Ⓩ Ended?

The USDCHF structure shows a completed bearish cycle trend. The final actionary wave z, which is a primary triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag, has ended. We can then expect the development of a new bullish trend to reach the previous high of 0.919.…

The Week Ahead: Where’s the Money?

EURCAD Retreats as Budget Hits Roadblock The euro came under pressure after the EU’s budget ran into a stalemate. Its approval which includes the 750 billion euro Recovery Fund has turned political after Hungary and Poland rejected…

The Week Ahead: No Bidding

USDCHF Weakens Over Blue Presidency The US dollar may not have seen the end of the bearish tunnel yet. The prospect of Democrat Biden winning the US presidency had already prompted fresh selling of the dollar. Expectations of a…

The Week Ahead: In Full Swing

USDCHF Faces Highly Volatile Week There is rarely any week like this one with triple risk events where extreme volatility in the US dollar is expected. Short-coverings over the past few days suggest investors’ positioning in…

The Week Ahead: Patience is a Virtue

GBPNZD Trades in Range for Lack of Catalyst Despite the Brexit noise, the pound has been grinding its way up against the New Zealand dollar. As major contentions around fair competition and fisheries linger, negotiations could run…

The Week Ahead: Serious Talk

EURGBP Retreats on Signs of Brexit Progress The pound sterling could be the mover and shaker after Brexit headlines kicked off volatility at the end of last week. EU officials have confirmed that both sides are in talks of ‘next…