Daily Pivots: (S1) 1.2698; (P) 1.2741; (R1) 1.2764; More… The break of 1.2712 support indicates rejection by 1.3022 key fibonacci resistance. Intraday bias in USD/CAD is back on the downside for 1.2401 support next. On Read more…
Daily Pivots: (S1) 0.7112; (P) 0.7139; (R1) 0.7189; More… Intraday bias in AUD/USD remains on the upside, as rise from is extending. Next target is 0.7265 resistance. Firm break there will raise the chance of Read more…
Markets are generally in risk-on mode in Asian session today, with rallies in major indexes, oil prices and cryptos. Dollar is extending recent correction and would likely continue further. Yen and Swiss Franc are the Read more…
BoJ Governor Haruhiko Kuroda told the parliament today, “I don’t think the BOJ’s monetary policy was the factor behind a rapid yen weakening. The recent yen weakening may have been driven by an abnormal situation Read more…
RBNZ chief economist Paul Conway said today that 50bps rate hikes are the way forward, and he’s confident of soft landing as the labor market is strong. “75 wasn’t seriously on the table because we Read more…
DXY: On the H4, with prices moving below the ichimoku indicator and breakout from the ascending trendline, we have a bearish bias that price will drop to our 1st support at 101.048 where the horizontal Read more…
Traders increased net-long exposure to euro futures by over 18k contracts last week, and we suspect EUR/USD’s two-week rally has further to run. EUR futures: Large speculators increased their net-long exposure to euro futures by Read more…
In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDJPY, published in members area of the website. As our members know, we’ve been favoring the long side Read more…
Taco Bell knows how to fire up its customers on Twitter. Just eliminate the Mexican Pizza. Taco Bell, which debuted its Mexican Pizza in 1985 and took it away in 2020, pleased many of the Read more…