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  • USDCAD capped by key resistance The Canadian dollar recovered after a rise in the August CPI. The previous attempt to break below 1.2500 has put the bulls under pressure. The rebound met offers at 1.2760 when the RSI was in an overbought situation. A bullish […]

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    Intraday Market Analysis – CAD Claws Back Losses

    USDCAD capped by key resistance The Canadian dollar recovered after a rise in the August CPI. The previous attempt to break below 1.2500 has put the bulls under pressure. The rebound met offers at 1.2760 when the RSI was in an overbought situation. A bullish […]

    Eurozone August Inflation: Can It Affect ECB Policy?

    Normally, the release of the eurozone inflation data isn’t that much of an event for the markets. This is because we get the result from the publication of the major EU economies’ CPI figures in the days ahead. Traders already know what the results are […]

    XAGUSD Intervening Wave X To Complete Near 28.21

    The XAGUSD pair shows that a global triple zigzag is developing. This is part of which a cycle wave y, which took the form of a triple Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ zigzag. At the time of writing, the cycle intervening wave x is under development and it looks […]

    StockWatch: Chevron Ramps up Low-Carbon Push!

    Chevron is taking steps to diversify its business away from fossil fuels as concerns about the climate crisis grow. In fact, the company announced that it will spend $10 billion until 2028 on low-carbon energy sources like renewable diesel fuel and hydrogen. ExxonMobil announced the […]

    The Markets in Waves: DXY, EURUSD, GBPUSD, USDJPY & GOLD!

    In today’s video, our Head of Research Stavros Tousios dives into the top Elliott Wave opportunities the markets have in store for us. Asset timestamps are as follows: DXY 00:40 EURUSD 02:00 GBPUSD 04:25 USDJPY 06:50 GOLD 08:20 For daily Elliott Wave analysis with Stavros […]

    Intraday Market Analysis – USD Finds Bullish Impetus

    AUDUSD struggles for support The Australian dollar softens as lockdowns led to sharp job losses in August. The pair has struggled to hold on to gains after 0.7400. Traders are testing supports as the initial surge fades. A break below 0.7310 is a sign of […]

    DXY Has Cycle Correction IV Ended?

    In the long term, DXY seems to be forming a bearish impulse that consists of five cycle sub-waves. The chart shows the final part of the deep correction wave IV, which, apparently, has come to an end. It took the form of a primary triple […]

    Will There Be Any Fallout in the Markets from the Canadian Snap Election?

    Back in mid-August when snap elections were called in Canada it mostly seemed like a formality. At the time, PM Trudeau enjoyed improved popular support and good prospects at the polls. Despite the resolution in May to not hold an election in the middle of […]