Month: June 2022

Cable extends its steep fall into fifth straight day and dented pivotal Fibo support at 1.208 (76.4% of larger 1.1409/1.4249 Mar 2020/May 2021 rally), after fresh bearish signal was generated on Monday’s close below former Read more…

The world’s largest cryptocurrency by market capitalization, Bitcoin, has been experiencing a vast sell-off since the beginning of the week, losing more than 25% before recovering some lost ground. Moreover, the broader crypto space has Read more…

Daily Pivots: (S1) 1.0366; (P) 1.0443 (R1) 1.0486; More… A temporary low is formed at 1.0396 in EUR/USD and intraday bias is turned neutral first. Risk stays on the downside as long as 1.0786 resistance Read more…

Daily Pivots: (S1) 0.9898; (P) 0.9946; (R1) 1.0019; More… Intraday bias in USD/CHF remains neutral for consolidation below 0.9993 temporary top. On the upside, above 0.9993 will target 1.0063 resistance. Firm break there will resume Read more…

Daily Pivots: (S1) 133.61; (P) 134.41; (R1) 135.21; More… USD/JPY is staying in consolidation from 135.18 and intraday bias remains neutral. Downside of retreat should be contained by 131.34 resistance turned support to bring another Read more…

Daily Pivots: (S1) 1.2051; (P) 1.2188; (R1) 1.2269; More… GBP/USD’s down trend is still in progress. Intraday bias remains on the downside for 61.8% projection of 1.3297 to 1.2154 from 1.2666 at 1.1960. Break there Read more…

Daily Pivots: (S1) 0.8542; (P) 0.8568; (R1) 0.8604; More… EUR/GBP’s strong break of 0.8617 resistance confirms resumption of rise from 0.8201. Intraday bias is now on the upside for 0.8697 medium term fibonacci level. Sustained Read more…

Sterling’s selloff resumes today, after job data added to expectation that BoE would lag far behind Fed in tightening. Weak market sentiment sends commodity currencies lower. Thanks to buying against the Pound, Euro is so Read more…