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DX US Dollar Update

By Steve | Apr 23 2015

DX15-wkly-apr23

The Dollar remains mired in this recent range between 97.17 and 100, with price sitting just over 98.20 as I type. There are a couple of potential structures that this can be forming, but I'm looking at a triangle formation as the highest probability at this point in time. Breaking…

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Gold Update

By Steve | Apr 20 2015

Gold15-daily-apr17

Gold has been playing out the shorter term picture that we've been updating in the Member Chat very well, but we need to see the 1230 resistance area give way to allow the upside continuation some room to move. Support remains the 117-1150 zone with 1192 as shorter term support.…

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Bonds & Treasuries 10Yr Update

By Steve | Apr 20 2015

10yr15-mthly-apr17

With the recent range managing to hold prices for the last six months, there is a big tussle going on between the bulls and bears over this patch of prices in the 129 to 131 range. A break-up through those levels would argue more strongly for the continuation of the…

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Dow Update

By Steve | Apr 12 2015

Dow15-daily-apr9

If we all were seeing the markets for the first time, we'd be clear enough in saying that the world is going through bull markets in equities. It's certainly against the grain in how many are "feeling" or "experiencing" the world today especially in regards to the economy with reduced…

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Soybeans Update

By Steve | Apr 12 2015

Soybeans15-mthly-apr9

Price is teetering over the 950 support level, with 900 the more important area to confirm we're in the wave v of C rather than continuing this ivth wave since October. Fourth waves often require patience and this one is no different...the point to be slightly careful of still is…

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USD/JPY Update

By Steve | Apr 07 2015

JPY15-wkly-apr7

We've kept closer tabs on this in the Member Chat but time we added an updated chart here for the blog so the larger picture remains at hand for our visitors as well as members. Overall, the 118.23 level held which keeps the triangle wave (iv) red as the main…

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AUD/USD Update

By Steve | Apr 07 2015

AUD15-daily-apr7

RBA announcement day and with price moving in what looks to be the 5th wave of a larger corrective move, we could be in for an important bottom forming. It's not ideal to have a major turn with news and that may not be what happens today, but so far…

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Gold Update

By Steve | Mar 30 2015

Gold15-daily-mar27

Gold has played nicely within the overall counts, but we might start to see one of the Alternate counts come to the fore. With price failing to breakdown under 1130 and this initial move up to test 1220, we are most likely in a C wave of the wave 4.…

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Dow Update

By Steve | Mar 29 2015

Dow15-daily-mar27

There really isn't a lot of change from the previous update of two weeks ago! Price has moved lower as we've been looking for against the 18,200 and 18,550 resistance levels...which had played out beautifully I might add, and now we're right down testing the 17,500 support zone we've had…

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Bonds & Treasuries Update

By Steve | Mar 29 2015

10yr-mthly-mar27

This generally sedate instrument class may not be so sedate over the next year or two as we look to build out a significant top to the 30+ year rally. The top two counts have us working on either a wave 5 of an Ending Diagonal pattern that should find…

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