Gold inched higher as the US dollar index pulled back from a two-decade high. The price action has stabilised near January’s lows at 1790. A bullish RSI divergence indicates a loss of bearish momentum in Read more…
The yen recouped some losses after Japan’s GDP growth beat expectations in Q1. The US dollar is taking a breather after a prolonged rally. The latest retreat has found support at 127.50 over the 30-day Read more…
The pound surged after the UK saw a jump in average earnings over the past three months. Solid bullish momentum above 1.2400 has prompted sellers to cover their positions, exacerbating volatility in the process. The Read more…
Daily Pivots: (S1) 159.65; (P) 160.75; (R1) 162.70; More… Intraday bias in GBP/JPY remains neutral first. Risk will stay on the downside as long as 162.16 minor resistance holds, as correction from 168.40 could extend. Read more…
Daily Pivots: (S1) 135.09; (P) 135.89; (R1) 137.28; More…. Intraday bias in EUR/JPY remains neutral first. Corrective fall from 139.99 could still extend lower. Below 132.63 will target 61.8% retracement of 124.37 to 139.99 at Read more…
Daily Pivots: (S1) 0.8402; (P) 0.8438; (R1) 0.8484; More… Intraday bias in EUR/GBP remains neutral for the moment. With 0.8365 support intact, further rise is still in favor. On the upside, break of 0.8617 will Read more…
Daily Pivots: (S1) 1.4912; (P) 1.4986; (R1) 1.5083; More… Intraday bias in EUR/AUD stays mildly on the downside for 1.4597 support. Corrective rise from 1.4318 could have completed with three waves up to 1.5277. Rejection Read more…
Daily Pivots: (S1) 1.0448; (P) 1.0467; (R1) 1.0502; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the downside, break of 1.0360 will suggest that rebound from 0.9970 has completed as a Read more…
Daily Pivots: (S1) 1.0468; (P) 1.0512 (R1) 1.0594; More… Intraday bias in EUR/USD stays neutral and outlook is unchanged. Considering bullish convergence condition in 4 hour MACD, break of 1.0641 resistance will confirm short term Read more…
Daily Pivots: (S1) 1.2374; (P) 1.2436; (R1) 1.2557; More.. Intraday bias in GBP/USD remains neutral and outlook is unchanged. Considering bullish convergence condition in 4 hour MACD, break of 1.2637 will confirm short term bottoming Read more…