USDJPY

The USDJPY structure indicates a double zigzag of the primary degree. The last leg of this double combination is in development. The bullish primary wave Ⓨ consists of intermediate sub-waves (W)-(X)-(Y)-(X)-(Z). Zigzag wave (W) is fully…

EURNZD Falls Back Ahead of ECB Decision The euro is likely to be in the spotlight this week as the Eurozone’s GDP data will be followed by the ECB’s monetary policy meeting. Last week’s CPI has sounded the deflation alarm and…

The USDJPY structure shows a corrective move, consisting of primary sub-waves Ⓦ-Ⓧ-Ⓨ. The 'three' wave pattern takes the form of a double zigzag. We saw the completion of the intervening wave Ⓧ, which is also a double zigzag. Then, bulls…

Inflation has taken a backseat in monetary policy as central banks have desperately tried to restart the economy. However, it could be coming back into relevance now as the economic situation normalizes. Sudden increases in inflation…

USDJPY Rises Back as Trade Talks Resumes The US dollar has seen its sell-off stalled across the board as investors await new catalysts for the next directional move. While bargain hunting and short covering have helped the…

Dollar Keeps Its Handle The US index closed positively for the fourth day in a row as continued talks of a stimulus package remain hopeful. The dollar is reacting to the strong producer price index (PPI) data from the US yesterday. This…

The USDJPY structure hints at cycle wave e consisting of primary waves Ⓐ-Ⓑ-Ⓒ. The 5-wave impulse Ⓐ and correction wave Ⓑ took the form of a bearish double zigzag. The impulse wave Ⓒ is currently under development. Intermediate…

USDJPY Sinks as Hope of Swift Recovery Fades Confidence in the greenback has been shattered as the US is still grappling with a record surge in infection cases. Now that President Donald Trump has raised the possibility of delaying…

USDJPY suggests a zigzag pattern consisting of waves Ⓐ-Ⓑ-Ⓒ. Wave Ⓑ is currently under development, forming a double zigzag (W)-(X)-(Y). Intermediate sub-waves (W) and (X) are complete. On the other hand, wave (Y) is incomplete.…

The current USDJPY structure suggests that we are near the end of the double zigzag. The intervening wave Ⓧ consists of intermediate sub-waves (W)-(X)-(Y). Waves (W) and (Y) are complete, whereas wave (Y) is forming at the time of…