Browsing Tag

USDJPY

The Week Ahead: Imitation Game

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…

USDJPY On Double Zig-Zag Pattern

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…

The Week Ahead: Trade Complication

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…

Gold Drops as Risk Reverses

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 Week Ahead: Summer Sale

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 in Double ZigZag Pattern?

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…