The Australian dollar stalls as caution prevails ahead of major economic data. The rally slowed down at last October’s peak at 0.7550. A combination of profit-taking and fresh selling weighs on the Aussie. The bulls Read more…
The Japanese yen recouped some losses after a drop in February’s unemployment rate. The pair surged to August 2015’s high and the psychological level of 125.00. An overwhelmingly overbought RSI may cause a pullback if Read more…
US equities kicked off the week with gains; the Big Tech led gains, as oil stocks slumped following an almost 10% slump in crude oil prices. Shanghai lockdown combined with the rising Covid cases in Read more…
Daily Pivots: (S1) 1.0226; (P) 1.0263; (R1) 1.0307; More…. Intraday bias in EUR/CHF remains neutral at this point and outlook is unchanged. On the downside, break of 1.0814 will indicate that rebound from 0.9970 has Read more…
Daily Pivots: (S1) 0.8341; (P) 0.8371; (R1) 0.8419; More… Intraday bias in EUR/GBP stays neutral at this point. On the downside, below 0.8294 will resume the fall from 0.8456 to retest 0.8201 low. Firm break Read more…
Daily Pivots: (S1) 1.4567; (P) 1.4632; (R1) 1.4729; More… Intraday bias in EUR/AUD is turned neutral, as it recovered after failing to sustain below 1.4561 low. Further fall is still in favor with 1.4084 minor Read more…
Daily Pivots: (S1) 134.26; (P) 135.89; (R1) 137.78; More…. Outlook in EUR/JPY is unchanged and intraday bias remains on the upside. Sustained break above 137.49 long term resistance will target next projection level at 144.06. Read more…
Daily Pivots: (S1) 0.9304; (P) 0.9343; (R1) 0.9385; More…. Intraday bias in USD/CHF stays neutral and outlook is unchanged. On the upside, break of 0.9374 minor resistance will suggest that the pull back from 0.9459 Read more…
Daily Pivots: (S1) 122.26; (P) 123.68; (R1) 125.33; More… A temporary top is formed at 125.09 in USD/JPY and intraday bias is turned neutral first. Some consolidations could be seen. But downside should be contained Read more…
Daily Pivots: (S1) 1.2463; (P) 1.2528; (R1) 1.2582; More… Intraday bias in USD/CAD is turned neutral with current recovery and some consolidations could be seen. But further decline is still expected as long as 1.2645 Read more…