Three weeks ago, we talked about the GBPUSD pair, according to which a global corrective trend is forming – a triple zigzag w-x-y-x-z, as part of which the market builds the final actionary wave z of the cycle degree. The wave z most likely takes the form of a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. It is […]
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The market spent the last week behaving as though a US-Iran deal was only a matter of time. That assumption just took a major hit. Instead of accepting Washington’s 14-point peace framework, Tehran pushed back Read more…
Key Highlights EUR/USD stayed above 1.1675 and might attempt another increase. A bullish trend line is forming with support at 1.1750 on the 4-hour chart. GBP/USD seems to be consolidating gains above 1.3520. Bitcoin remains Read more…
China’s inflation data surprised to the upside in April, with both consumer and producer prices accelerating more than expected. CPI rose from 1.0% yoy to 1.2% yoy, beating forecasts of 0.9% yoy, while PPI surged Read more…