On USD index daily chart we are observing a big sideways, slow and overlapping price action which is a personality of a contra-trend movement. We are observing a flat ... Read More
USDCAD is at the lows, now approaching 261.8% Fibonacci extension level of wave four circled where pair can be looking for a base. Notice that we see a wedge ... Read More
The dollar is mixed across the board ahead of the FOMC statement later today, so we definitely want to wait on any news to confirm bear or bullish trend ... Read More
GBPUSD moved higher yesterday, even slightly above 1.4511 level which means that recovery since late February is not a triangle, but rather a three wave move. However, it’s still ... Read More
Stocks recovered very nicely and sharply since mid of February so new bullish reversal is here. Reason for bulls is a five wave rise from 1802 which is an ... Read More
USDCHF USDCHF is now trading higher with a third leg of recovery which can be even red wave 3) if we consider wave count on a larger time frame. ... Read More
S&P500 E-mini S&P500 is back at the highs, now already in black wave 5 of 5) about that we talked in our recent updates. Price is also now approaching ... Read More
AUDUSD broke higher recently, up into wave C-circled that is part of a big corrective wave IV which looks like a flat. A flat correction is a 3-3-5 pattern; ... Read More
EURAUD EURAUD made a nice intraday bounce up to 1.4800 today and touched 38.2% where corrective bounce can be finished. Keep in mind that big picture is pointing down ... Read More
USD Index The USD index is trading higher as EUR, GBP, CHF and JPY trades down against the USD, based on bearish reversal on US Treasury notes. However, commodity ... Read More
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