Daily Pivots: (S1) 126.78; (P) 127.01; (R1) 127.35; More… USD/JPY’s correction from 131.34 could still extend lower. But downside should be contained by 125.09 cluster support (38.2% retracement of 114.40 to 131.34 at 124.86) to Read more…
Daily Pivots: (S1) 0.9546; (P) 0.9575; (R1) 0.9605; More… No change in USD/CHF’s outlook and fall from 1.0063 could extend lower. But should be contained by 61.8% retracement of 0.9193 to 1.0063 at 0.9525 to Read more…
Daily Pivots: (S1) 1.2567; (P) 1.2594; (R1) 1.2636; More… GBP/USD’s rise from 1.2154 is still in progress and intraday bias remains on the upside for 55 day EMA (now at 1.2756). Sustained break there will Read more…
Daily Pivots: (S1) 1.0699; (P) 1.0732 (R1) 1.0767; More… Intraday bias in EUR/USD remains on the upside at this point. Sustained trading above 55 day EMA (now at 1.0757) will target 1.0935 resistance next. On Read more…
Commodity currencies are trading broadly higher today, with help from risk-on sentiment, with Aussie and Loonie competing for the first place. Selloff are mainly centered Yen and Swiss Franc, and to a lesser extent Dollar. Read more…
On the back of risk-on sentiment, AUD/JPY rally resumed the rally from 87.28 today, and hit as high as 91.67 so far. The development affirms the case that correction from 95.73 has completed with three Read more…
This week we welcome Rachell Calhoun (@Rachell_Calhoun) as our PyDev of the Week! Rachell is active in the Python community and the Django Girls community. You can see some of the many things that Rachell Read more…
The German 40 cash index is continuing last week’s rebound but with slower momentum, reaching a five-week high near 14,600. The short-term bias looks positive as the MACD keeps gaining ground above its trigger line, while Read more…
The New Zealand dollar continues to take advantage of US dollar weakness. NZD/USD posted sharp gains last week, climbing 2.01%. Will Business Confidence improve? The week kicks off with ANZ Business Confidence, which has been Read more…
This week is starting with new highs in Brent – the asset has reached the highs of 9 March 2022 and updated $120. There are several factors that support oil bulls – they are pretty Read more…