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Technical analysis

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The S&P 500 is almost setup for a correction after having traversed through a 5 wave Elliott wave primary wave progression.  It was in 2013 when the stock index crossed over the dow jones commodity index that actually marked the expansionary cycle in the US economy.  There is still some downward movement to be expected [...]

Euro Running on its last legs!

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The supposed bull run of Euro against the greenback seems to be ending.  What appears to be unraveling, and probably in its terminal stage, is wave B of a flat.  Once this upward drive comes to an end, which appears inevitable for now, the final down leg, wave C, should ensue.  All indicators appear to [...]

Euro facing harshest of headwinds!

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From a technical analysis perspective Euro is set to weaken.  The markets may have reacted to the shock victory of Donald Trump, but by now the US$ dollar has reasserted its dominance with a bounce back in the backdrop of steady US economic fundamentals.  This has primarily manifested in its strengthening against the Euro, which [...]

Dominant US dollar movement set to trend on a similar course!

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It remains difficult to decipher the relative strength of the US dollar when its index is viewed.  What appears to be the case is the emergence of a fulcrum like position on the 1 box reversal Point and Figure (PNF) chart, yet we don’t see a catapult emerging out of the price action.  It would [...]

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From a relative strength analysis, it appears that the US $ is set to commence another strong run in the near future and the timing somewhat coincides with the outcome of the general elections in November.  This relative strength is exhibited when the US dollar’s performance against the constituent parts of the dollar index namely [...]

Yen Technical analysis against the US$ and Euro

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From a technical analysis perspective, we see that against the Euro as well as US$ the appreciation of the Yen has followed a very similar path commencing middle of 2012 with Euro peaking a little later than the US$ during mid-2015.  A very similar corrective WXY pattern has ensued against both the Euro and the [...]

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From a technical analysis perspective, it is evident that crude oil will continue staging a recovery cycle during the remainder of 2016 that can spill well over into early 2017.  What has been witnessed in the back drop of tightening crude oil supply is the development of a positive sentiment which has gradually raised the [...]

Bullish Setups for the Euro Emerging

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As initial part of the Euro’s recovery path, the two bullish setups that are emerging for the Euro are against the Australian dollar, and the Canadian dollar. Purely from a technical analysis perspective, it can be seen at a primary wave cycle level, that the Euro has maintained an upward momentum against the Australian dollar, [...]

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Technical Analysis of Sterling! The question to be asked now is whether the impact of Brexit can be contained on the sterling in an atmosphere of sheer uncertainty?  The only logic that can possibly save the Sterling from utter collapse is vested in the idea that Brexit may have already been priced into the price [...]

US dollar Index Long Term Outlook for Swing Traders!

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Technical analysis of the US$ index reveals two basic technical reasons as to why the index should not go in a strong corrective state, even though it appears to be reaching this point of eventual inevitability.  Looked at an Elliottician standpoint, the wave simply seems to be in the last leg of it motive drive.  [...]