Forex Charts

USDJPY – small wave-iv triangle implies rally to new high above 103.09

O/n the intraday charts completed a wave-iv triangle and this signals a move to above 103.09 today.

The only sign of a pullback in $CAD is the triple RSI divergence on the hourly chart; this divergence has surfaced right at

Following plenty of releases last week, we are heading for a quieter week on theglobal agenda.

The US employment report and ISM manufacturing will wrap up a busy week.

Because Sterling is tracing a 5-wave decline from THE high,

By breaking 102.80, the bull triangle base case is now front and center and the alternate breakdown case has been negated.

The downtrend in Euro shows no signs of a reversal, a basing pattern or waning momentum.

We expect euro flash CPI for July to reach a new cycle low at 0.4% y/y (consensus0.5% y/y) down from 0.5% y/y in June.

Yesterday’s call for a “rally to complete wave-3/c expected to test key 102.27 level” has been realized.

USDCHF has been and is still forming a large bullish base.

The rally of the critical ~1.06 support zone is impulsive and we’ve laid out the confluence of support in the

Because Sterling is tracing a 5-wave decline from THE high, we expect that (post a correction)