Daily Pivots: (S1) 0.7307; (P) 0.7350; (R1) 0.7418; More… Intraday bias in AUD/USD is now mildly on the upside for 0.7440 resitsance first. Break will resume the rebound from 0.6966 to 0.7555 resistance next. As Read more…
Daily Pivots: (S1) 118.30; (P) 118.67; (R1) 118.96; More… A temporary top should be in place at 119.11 with 4 hour MACD staying below signal line. Intraday bias is turned neutral for some consolidations. But Read more…
Daily Pivots: (S1) 0.9327; (P) 0.9379; (R1) 0.9422; More…. Intraday bias in USD/CHF remains neutral for consolidations first. But further rally should still be seen as long as 0.9318 minor support holds. On the upside, Read more…
Daily Pivots: (S1) 1.3088; (P) 1.3150; (R1) 1.3211; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, firm break of 1.3210 minor resistance should confirm short term bottoming at 1.2999. Intraday Read more…
Short Term Elliott Wave View in Gold suggests the decline from March 08, 2022 high completed 3 waves down as a zig zag Elliott Wave structure. Down from March 08 wave ((1)) high, wave A Read more…
Daily Pivots: (S1) 1.1022; (P) 1.1079; (R1) 1.1150; More… Intraday bias in EUR/USD remains neutral with focus on 1.1120 support turned resistance. Firm break there will confirm short term bottoming at 1.0805. Bias will be Read more…
Yen remains the weakest one for the week, following the extended rebound in US stocks overnight, and persistent strength in treasury yields. Swiss Franc and Dollar are also soft as distant second and third. Meanwhile, Read more…
WTI crude oil is back at 106 as rebound from 93.98 extends. Russia is showing no sign of stopping its invasion of Ukraine despite waves of sanctions and rounds of negotiations. Earlier this week, the Read more…
DOW’s strong break of 34179.07 resistance overnight was a clear near term bullish signal. The development suggests that correction from 36952.65 has completed with three waves down to 32272.64. A weekly close above near term Read more…
BoJ kept monetary policy unchanged as widely expected today. Under the yield curve control frame work, short-term policy interest rate is held at -0.10%. As for long-term interest rate, BoJ will continue to purchases JGBs, Read more…