On August 2, the S&P 500 E-Mini futures (ES) pulled back to 6239.50, marking the low of wave 4. Wave 5, now underway, is unfolding as a five-wave diagonal pattern. A defining trait of a diagonal is the overlap between wave ((i)) and wave ((iv)) within its internal structure. From the wave 4 low, wave […]
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Daily Pivots: (S1) 1.3540; (P) 1.3573; (R1) 1.3621; More… Intraday bias in USD/CAD remains mildly on the downside for the moment. Consolidation pattern from 1.3480 could have completed at 1.3751, after hitting 55 D EMA Read more…
Daily Pivots: (S1) 0.6995; (P) 0.7037; (R1) 0.7119; More… AUD/USD is still bounded in established range below 0.7146 despite some volatility. Intraday bias stays neutral for the moment. Outlook stays bullish with 0.6896 support intact. Read more…
Daily Pivots: (S1) 1.1548; (P) 1.1594; (R1) 1.1681; More…. Intraday in EUR/USD is turned neutral again with current recovery, and more consolidations would be seen above 1.1506. Still, outlook stays bearish with 1.1740 support turned Read more…