Finacademy

Finacademy

US Dollar Index might be close to terminating Wave C of a potential expanded flat structure around 90.00 levels. If correct, the indice might resume rally that can exceed above 91.60 in the next few trading sessions. Alternately, the index might have completed a corrective rally between 89.20 and 91.60 levels respectively. If the alternate count unfolds, the US...

Finacademy

EURUSD bulls remain poised to push through 1.2190/1.2200 handle from here. Please note it is the fibonacci 0.618 retracement of previous drop between 1.2350 and 1.1950 levels respectively. A bearish reaction remains possible around 1.2200 mark and EURUSD could slip to 1.2040 levels thereafter. It remains to be seen if the drop would extend towards 1.1600 or the...

Finacademy

EURUSD seems to be unfolding as an expanded flat corrective structure labelled as alternate count on the 4H chart here. The currency might be unfolding its Alt: C wave towards 1.2200 levels, which is fibonacci 0.618 retracement of the entire drop between 1.2350 and 1.1950 levels respectively. A bearish reaction can be expected around 1.2200 handle for EURO bears...

Finacademy

Gold might be still unfolding its counter trend rally as an expanded flat corrective wave labelled as Alt: A-B-C on the 4H chart here. If the above unfolds as labelled, Alt C wave could be underway soon towards $1900 zone, which is also marked as fibonacci 0.618 retracement of earlier drop. For the above count to be true, the yellow metal needs to hold above $1785...

Finacademy

USDJPY might be unfolding a potential 3-3-5 flat corrective structure (a-b-c) on the chart view and might terminate around 103.80 levels before reversing higher again. The preferred wave counts are highlighted on charts and a lower degree wave ii of 3 might be unfolding. If correct, USDJPY could rally further as iii of 3 wave resumes from 103.80 mark. Bottom line...

Finacademy

USDJPY seems to have carved a major bottom around 102.59 early this year. The bounce has rallied through 105.76, taking out past resistance around 105.65 before pulling back. Prices have managed to retrace up to 104.40/50 zone, the fibonacci 0.50 retracement of the recent rally between 103.32 and 105.76 levels respectively. Potential still remains for a drop...

Finacademy

Gold bears remain in control since $2075 as they have carved a series of lower highs and lower lows. The recent resistance is seen at $1965 and until prices stay below that mark, the metal is expected to push lower towards $1700 and further. The recent rally from $1785 seems to be a part of the counter trend, which can extend through $1890/1900 mark before...

Finacademy

US Dollar Index might be still unfolding a potential Wave C of an expanded flat and terminate below 90.00 levels. We have projected an alternate count that suggests a Wave 2 termination below 90.00 levels, before the uptrend resumes. US Dollar Index might have carved a potential bottom around 89.20 levels earlier and rallied through 91.60 levels to mark the...

Finacademy

EURUSD continues trading in a range raising probabilities for a push through 1.2200/30 handle. It is also close to fibonacci 0.618 of the entire drop between 1.2350 and 1.1950 levels respectively. The overall trend continues to remain bearish until prices stay below 1.2350 resistance and bears might be inclined to take control from around 1.2200 mark. They remain...

Finacademy

US Dollar Index remains in control of bulls since 89.20 lows registered on January 06, 2021. The index managed to rally through 91.60 before finding resistance around last week. Wave structure remains constructive for bulls with potential Waves 1 and 2 in place around 90.95 and 90.00 respectively. Alternately, Wave 2 might be still unfolding as an expanded flat...

Finacademy

EURUSD might have carved a meaningful top at 1.2350 early January 2021 and prices are expected to stay lower from here. Further, bears have unfolded the first impulse lower at 1.2050 mark labelled as Wave 1. Wave 2 either terminated at 1.2190 or is still unfolding as an expanded flat towards 1.2200 handle. Either way, bears remain poised to resume lower towards...