The EURUSD rally off of the low is in 3 waves so I’ll stay bearish against 12910. If a flat is unfolding from 12780, then the EURUSD would exceed 12910 before the bear resumes. I am treating this as an alternate ...
I wrote yesterday that a drop “a drop below 13120 would confirm as much (a top)” and that “structurally, the rally counts as a double zigzag (complex) correction and could be complete.” What’s more, the decline ...
I wrote yesterday that a drop “a drop below 13120 would confirm as much (a top)” and that “structurally, the rally counts as a double zigzag (complex) correction and could be complete.” What’s more ...
I wrote yesterday that a drop “a drop below 13120 would confirm as much (a top)” and that “structurally, the rally counts as a double zigzag (complex) correction and could be complete.” What’s more ...
Two 3 wave rallies have unfolded from 8062 so weakness is likely over the near term. The rally channels in a corrective manner as well. The structure of the decline will indicate whether or not an important top is in ...
The British pound extended the rally from the previous day and advanced to a high of 1.5290 during the European trade as policy makers in the U.K. held a hawkish outlook for future policy, and increased speculation for a ...
NZD/USD: In the process of retracing the 0.7160-0.6795 move, with the market most recently breaking back above 0.7000. However, the rally is still classed as corrective and we do not see the gains extending much ...
Two months ago, we would only have to look at the remarkable 3.1 percent rally from the S&P 500 through today’s session to assess the direction and momentum for the US dollar. That isn’t necessarily the case nowadays ...
- Will EURUSD’s advance run out of steam, or is this a genuine reversal? Has fundamental reasoning broken down for the euro? It wouldn’t be the first time if it were to happen; and it certainly wouldn’t be the last ...
The Euro extended the rally from the previous day and remains the best performing currency against the U.S. dollar on Thursday, while the Australian dollar continued to retrace the advance from June and tumbled to a low ...