DXY: Bears Have Established Their Positions
The 1H timeframe of the DXY index shows the completion of the global corrective trend, […]
Trade Idea: Major Currency Pairs to Watch Out For This Week
It is general knowledge that the Major currency pairs are pairs that have the US […]
Wounded US Dollar Turns to Retail Sales for Direction
Hopes that inflation is finally cooling down led traders to unwind bets that the Fed […]
Aussie Remains Bullish after RBA Minutes – Elliott Wave Shows Room for Further Strength
RBA is looking for higher rates in an upcoming meeting, but its unclear if there […]
GBPUSD Remains Slightly Below the 2½-Month Peak
GBPUSD is looking bullish in the short term after surging above its daily moving averages […]
Weakening of Yen for Now Apparently Isn’t a Support for Japanese Economy
Markets Yesterday was the first day of what we fear will be a November lull. […]
GBP/USD: Resistance Turned Support At 1.1600
Key Highlights GBP/USD was able to clear the 1.1600 and 1.1700 resistance levels. A key […]
Is Dollar Growth Over? Likely So
The dollar index lost 4% last week, the most significant drop since March 2020. Such […]
AUDUSD: The Market May Collapse to the Previous Low
In the long term, AUDUSD seems to be forming a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ, where […]
US Dollar Index: Bears Pausing after Strong Acceleration, But Expected to Keep Control
The dollar index edges higher in Asian / early European trading on Monday, after the […]
Euro Sky-Rocketed to Four Months Highs
The euro is supported by the market interest to risk and strong confidence that the […]
USD/CNH falling towards 7.000, but shouldn’t break there for long
Chinese Yuan surges today and hits the highest level against Dollar since early October. The […]