The New Zealand dollar climbed higher as the RBNZ can lift its cash rates next week. Price action came under pressure on the 30-day moving average (0.6730). However, strong support at 0.6590 builds a case Read more…
The Australian dollar finds support from a low jobless rate in January. The pair has previously hit resistance in the supply zone around 0.7250. This is a daily resistance from the sell-off in late January. Read more…
EUR/USD During yesterday’s trading session, the currency pair consolidated just below the resistance zone at 1.1370, and at the time of writing, it is headed towards a test of this resistance. A confirmed breach of Read more…
American stocks declined sharply after Joe Biden delivered a major warning about the crisis in Ukraine. In a press conference, he warned that Russia was on the brink of attacking Ukraine. He claims Russia is Read more…
Markets In case you haven’t noticed it yet, the ECB is in full swing towards policy normalization. ECB President Lagarde acknowledged upward inflation risks at the previous ECB meeting. Executive board member Schnabel made a Read more…
Daily Pivots: (S1) 156.04; (P) 156.52; (R1) 156.96; More… Intraday bias in GBP/JPY remains neutral for the moment. On the downside, break of 155.11 resistance should confirm rejection by 158.19 resistance. Intraday bias will be Read more…
Daily Pivots: (S1) 130.15; (P) 130.83; (R1) 131.25; More…. Range trading continues in EUR/JPY and intraday bias remains neutral. Outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Break of Read more…
Daily Pivots: (S1) 0.8327; (P) 0.8352; (R1) 0.8371; More… EUR/GBP’s fall from 0.8476 resumed by breaking 0.8344 and intraday bias is back on the downside for retesting 0.8282 low. Sustained break of 0.8276 key long Read more…
Daily Pivots: (S1) 1.5760; (P) 1.5804; (R1) 1.5850; More… EUR/AUD’s break of 1.5776 support argues that rise from 1.5559 has completed at 1.6223. Intraday bias is back on the downside for 1.5559 support first. Break Read more…
Daily Pivots: (S1) 1.0464; (P) 1.0507; (R1) 1.0531; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the downside, firm break of 1.0439 should confirm rejection by 1.0623 fibonacci resistance, and bring retest Read more…