As EURUSD retests 1.08 it may be primed for a new leg of the rally
The batch of EU economic data released on Tuesday curbed the bearish momentum in the Euro that we saw for the Euro in the first half of the day. EURUSD fell to 1.08, but started to recover following the release of upbeat economic data, namely consumer inflation in France, unemployment in Germany, as well as […]
USDCAD Final Leg of Triple Zigzag Begins
Just like a few weeks ago, USDCAD formed a correction triple zigzag consisting of cycle waves w-x-y-x-z. The first four sub-waves w-x-y-x are fully completed. The final actionary sub-wave z is being built. The wave z takes the form of a primary double zigzag Ⓦ–Ⓧ-Ⓨ. vAt the moment, prices are in the […]
NZDUSD Final Leg of Bullish Impulse Underway!
A closer look at the 1H timeframe shows that the market has already completed the formation of a cycle actionary wave y. Thus, in the last section of the chart, we can see the formation of a new bullish trend. Most likely, there is a construction of the primary wave Ⓐ. This can take the […]
XAU/USD Primed for the Next Leg Higher
Gold Price (XAU/USD), Chart, and Analysis Financial markets disagree with the Fed’s ‘higher for longer’ narrative. Higher highs and lows keep the precious metal moving higher. Recommended by Nick Cawley Download our brand new Q1 2023 Gold forecast Gold is ending the week on a high after data painted a mixed picture of the health […]