Month: December 2022

Back in October, the Euro fell below parity with the US dollar. Since then, it has rebounded, but hasn’t returned to the levels at the start of the year. Naturally, the question is whether the Read more…

Gold had been trading within a descending channel for the most part of 2022 but has managed to stage a moderate rebound since early November. Even though the precious metal has crossed above both its 50- and 200-day simple Read more…

EURUSD kept fighting the tough 1.0658 nearby resistance during the post-Christmas trading session, which has been capping bullish actions for more than a week. The floor around 1.0580, if sustained, may preserve engagement in the market Read more…

The Euro remains at the front foot in and continues a gradual extension higher after the pullback from December’s high at 1.0736 (posted on Dec 15, the highest in seven months), found solid ground at Read more…

XAGUSD suggests the development of the corrective wave b, which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, Read more…

The Dax 40 steadied as US PCE and durable goods showed a slowdown in November. On the daily chart, after the index hit June’s high of 14650 – a boundary between bearish continuation and bullish Read more…