Finacademy

Finacademy

EURUSD might be working on a counter trend rally unfolding potential wave iv of 3 lower towards 1.1700 levels. The fibonacci 0.382 retracement is seen towards 1.1940/50 mark along with previous support zone (potential resistance now). Bearish reaction is expected and prices might turn lower again towards 1.1700, 1.1600 going forward. Only a push above 1.2000 might...

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US Dollar Index might be pulling back to carve a lower degree wave iv within Wave 3 around 91.80 levels. The rally is expected to resume thereafter, towards 93.50 and 94.50 respectively. A drop below 91.34 opens up a couple of alternate counts, that of an expanded flat Wave 2 or a potential triangle unfolding. We will bring those possibilities if 91.34 breaks...

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US Dollar Index felt short of projected lower degree wave ii termination around 90.30 levels. The index rather terminated around 90.60 mark and continued to progress higher in wave iii of 3 towards 93.45/50 mark. The index trades close to 92.10 levels for now and intraday corrective drops remain possible towards 90.75/80 zone. It could be seen as yet another...

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EURUSD just fell short of terminating its lower degree Wave ii around 1.2140/50 as discussed earlier. Possibility remains that wave ii terminated around 1.2113/15 over the last week and EURO might be progressing into wave iii lower towards 1.1800 and 1.1750 at least. If correct, prices should ideally stay below 1.2113 and continue lower from here or from 1.1950/75...

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Gold continues lower towards $1689 mark on Friday last, before finding some support. The rallies are just counter trends and are expected to remain shallow, going forward. The yellow metal might have terminated Wave 3 lower from $1876 mark and if the structure is correct, a counter trend could resume soon towards $1750/60 mark. It could be Wave 4 termination,...

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US Dollar Index continues to unfold its counter trend drop that had begun from 91.40 levels earlier. Waves a and b within the proposed a-b-c drop were terminated around 90.60 and 90.96 respectively. Wave c probably seems to be underway now and might drag towards 90.30/40 mark before terminating. The larger degree wave counts suggest Wave 3 is unfolding and a iii...

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Gold has dropped marginally lower yesterday through $1701 mark before pulling back. The yellow metal had managed to push through $1724 before correcting lower towards $1711 and might be ready to resume higher towards $1770/90 mark, going forward. The wave structure from $1965 highs might have terminated Waves 1, 2 and 3 around $1802, !876 and $1701 levels...

Finacademy

EURUSD continues to unfold its proposed counter trend rally that had begun from 1.1991 lows earlier. The currency seems to have terminated Waves a and b within the a-b-c correction at 1.2100 and 1.2045 respectively. Bulls are preparing to push higher through 1.2140/50 zone, as Wave c unfolds. If the above holds well, a iii of 3 Wave should be underway soon from...

Finacademy

EURUSD might have terminated Wave A around 1.2090, within its corrective rally A-B-C, towards 1.2150 levels.It is expected to dip from here to terminate Wave B before resuming Wave C rally towards 1.2150 mark. Structurally EURUSD is unfolding lower degree wave ii within Wave 3 lower towards 1.1600 levels. If correct, we can witness a sharp reversal lower soon as...

Finacademy

Gold had rallied through $1741 mark yesterday after bounding off the $1700/10 zone earlier. This was in line with our discussions and the rally seems to have some steam left. The yellow metal might drop through $1720/25 zone today before turning bullish again, and push towards $1780 mark in the next 1-2 trading sessions. Bears might remain inclined to be back in...

Finacademy

US Dollar Index seems to have completed Wave A around 90.80, within the proposed A-B-C corrective drop. Wave ii within Wave 3 seems to be unfolding since 91.40 highs registered yesterday. Potential termination for wave ii is seen around 90.30/35 zone, also backside of resistance turned support trend line. If the above structure unfolds accordingly, US Dollar Index...

Finacademy

US Dollar Index is pulling back as expected after hitting slight higher levels around 91.39 today. The index has reversed through 91.17 levels as we prepare this article and is expected to push further towards 90.30/40 levels in the next 1-2 trading sessions. The wave structure still remains constructive for bulls as Wave 3 seems to be progressing higher towards...

Finacademy

EURUSD had dropped through 1.1994 mark today to complete potential lower degree wave i of 3 lower towards 1.1600. If the above structure is correct, EURO bulls will remain poised to push higher through 1.2150 levels, to terminate lower degree wave ii of 3 in the next 1-2 trading sessions. The wave structure reveals EURUSD might have terminated Waves 1 and 2...

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Gold had dropped through $1707 lows today before bouncing back as expected and discussed yesterday. The yellow metal has hit fibonacci 0.618 extension for Wave 1 as highlighted here. Wave structure reveals potential Wave 3 terminated today around $1707 mark. It seems Gold is on its way towards $1770/80 levels from here before it finds resistance again....

Finacademy

Gold continued its drop to $1717 lows on Friday before pulling back. The yellow metal might be working on a counter trend rally towards $1775 levels from here, which is also the fibonacci 0.618 retracement of the recent drop between $1817 and $1717 levels respectively. Wave structure reveals that Gold might be progressing into its Wave 3 lower from $1876 highs...

Finacademy

US Dollar Index has come back very strong after reversing from 89.70 mark over the last week, surprising many a traders. It has also managed to take out interim resistance at 91.05 levels today, hence potential remains for a corrective drop lower towards 90.00/20 mark, before resuming higher again. Wave structure reveals that Waves 1 and 2 might be in place around...

Finacademy

EURUSD reversed very sharply after hitting 1.2245 resistance zone last week. It has given in more that 200 pips registering a low at 1.2028 today, before pulling back. It is probable to print yet another low below 1.2010 before producing a meaningful pullback. Waves 1 and 2 might be in place at 1.2050 and 1.2242 as labelled on the chart here. If correct, EURUSD...

Finacademy

US Dollar Index has bounced off 89.70 mark as expected and discussed earlier. It has managed to reach 90.40 levels, and managed to take out initial resistance at 90.40/45 as seen on the chart here. The rally between 89.70 and 90.41 can be marked as lower degree Wave i, which could give way for a corrective drop towards 89.90/90.00 levels. After terminating...