USDCNH

The USDCNH structure shows a bearish cycle correction b. This is a triple combination consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. At the time of writing, waves (A) and (B) of Ⓩ have ended. A downturn is then likely in wave (C) near 6.60.… Read More

The USDCNH formation hints to a cycle degree a-b-c zigzag, currently in wave b. Cycle degree wave a took the form of a 5-wave impulse upon completion. We then saw the development of a bearish correction which hints at a simple zigzag… Read More

The current USDCNH structure shows a bearish impulse. It consists of intermediate sub-waves (1)-(2)-(3)-(4)-(5). At the time of writing, correction wave (4) is under construction. Wave (4) consists of minor sub-waves A, B, and C, and it… Read More

The primary structure of USDCNH resembles an ending diagonal. It consists of waves ①-②-③-④-⑤ and has completed its first three parts already at the time of writing. Wave ④ could end correcting shortly. An intermediate 3-wave move in… Read More

The current USDCNH structure shows a completed bullish impulse consisting of primary waves ①-②-③-④-⑤. The 5-wave pattern is part of wave a of a cycle degree a-b-c formation. Cycle wave b is a bearish zigzag consisting of waves Ⓐ, Ⓑ, and… Read More

USDCNH seems to be forming a cycle degree wave V which is taking the form of an ending diagonal and consists of five primary sub-waves ①-②-③-④-⑤. At the time of writing, the corrective wave ④ is more than halfway through its completion.… Read More

Chinese Factory Sector Recovery Stalling? The latest Chinese manufacturing PMI was released this week by the Chinese national statistics agency. The data showed that activity in the factory sector barely managed to remain in positive… Read More

The USDCNH structure shows a bullish trend consisting of waves ①-②-③-④-⑤. The first four parts of the primary degree pattern appear to be fully complete. After wave ④ completed in a triangle correction, we saw the pair start to rise… Read More