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
EURGBP EURGBP remains bullish but only temporary with a three wave bounce away from 0.7736 which we see it as correction. As such, we will turn bearish after A)-B)-C) ... Read More
Something interesting has happened. China earlier this year responded to falling stock prices by borrowing a trillion dollars and spending it on commodities, boosting the prices of iron ore, ... Read More
President Obama weighed into the Brexit debate on his recent visit to the UK, saying that if Britain left the EU, she would be at the back of the ... Read More
Cable is in recovery mode for the past three months, but based on structure and personality of a bounce we assume it can be a corrective move. We are ... Read More
GOLD Gold is moving sharply to the upside since end of last week, now trading at new highs after strong break above the upper triangle line connected from 1283. ... Read More
USDCHF USDCHF was trading sharply lower for the last week or so, after pair completed wave 4) corrective rally near 0.9780. This recovery is part of a big ending ... Read More
The dollar is tanking lately. From a high of around 100 in December, the dollar index — which measures USD against a basket of foreign currencies — is down ... Read More
GBPUSD GBPUSD has turned sharply lower since Monday from 1.4769 where we see first signs of a top in place. Reason is a strong, impulsive decline and broken channel ... Read More
Saudi Arabia has been in the news recently for several interconnected reasons. Underlying it all is a spendthrift country that is rapidly becoming insolvent. While the House of Saud ... Read More
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