Short Term Elliott Wave View in NZDUSD suggests rally to 0.6469 ended wave 4. Wave 5 lower is in progress to complete a cycle from February 25, 2021 high before a larger 3 waves rally at least. Internal subdivision of wave 5 is unfolding as an impulse Elliott Wave structure. Down from wave 4, wave […]
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Markets The oil price (Brent) hovered around the $90/mark yesterday following Monday’s wild swings. Talk that the US navy escorted an oil tanker through the Strait of Hormuz was later denied by the White House. Read more…
Key takeaways Bullish technical breakout: The AUD/USD has finally broken above the 0.7140 major resistance—a level tested multiple times since 2022—reaching a 52-week high near 0.7185, signalling the start of a fresh bullish impulsive uptrend. Read more…
Oil prices reversed their Asian session gains again yesterday, pulling US crude all the way down to the $76pb mark as the International Energy Agency (IEA) announced that it could release a record amount of Read more…