the USD seem to have been in a redundant position for quite a while. With UJ failing cnsistently to move upwards.. or move downwards specifically.
So the question is where exactly is USD going..
Looking at the chart, we can see a Minor wave 4 retracement on the Index chart which gave rise to a rising wedge formation.
We would expct the USD index to move...
The present uptrend seen was a wave 4 retracement which has clearly been completed.Now we have a double top on the asset, which i think is caused by the excessive sentimentality of the naive investors who do not want to accept that they have bought the asset at the top and would have to cut there losses somewhere eventually.
its first target point being the 5980...
The Pair has been moving down gradually as we have predicted. The downward trend was halted yesterday at the touch of the 100MA on 4 h which acted as a strong support for the pair causing it to bounce upwards. This morning however, this barrier has been broken successfully with the asset currently trading below the 100 MA support turned resistant oint now at...
The Crude (US OIL ) has been consolidating on the wave 4 movement for some time, the consolidation has ed to the formation of a symetrical triangle.
We at Astute Financials would be expecting the price of this asset to move upward toward the continuation of the Impulse 5th wave move.
After a strong and consistent upward move which we experienced during the past weeks, we at astute financials decides to look critically at the EXY to know how far up this currency will actually go.
According to the chart attached, you would see that a clear labelling shows that in the long term, the currency has still not completed its upward wave C correctional...
