Daily Pivots: (S1) 1.2818; (P) 1.2859; (R1) 1.2940; More… USD/CAD’s rise from 1.2516 is in progress and intraday bias stays on the upside for 1.3075 resistance. Sustained trading above 1.3022 fibonacci level will carry larger Read more…
Daily Pivots: (S1) 0.6875; (P) 0.6963; (R1) 0.7014; More… Intraday bias in AUD/USD remains on the downside for retesting 0.6828 low. Firm break there will resume larger fall from 0.8006 to 0.6756/60 cluster support. On Read more…
Daily Pivots: (S1) 133.61; (P) 134.41; (R1) 135.21; More… Intraday bias in USD/JPY remains neutral for consolidation below 135.18. Downside should be contained by 131.34 resistance turned support to bring another rally. On the upside, Read more…
Daily Pivots: (S1) 0.9898; (P) 0.9946; (R1) 1.0019; More… A temporary top is in place at 0.9993 and intraday bias in USD/CHF is turned neutral first. On the upside, above 0.9993 will target 1.0063 resistance. Read more…
Daily Pivots: (S1) 1.2051; (P) 1.2188; (R1) 1.2269; More… Intraday bias in GBP/USD remains on the downside at this point. Break of 1.2154 confirms down trend resumption. Next target is Next target is 61.8% projection Read more…
EUR/GBP digests UK jobs data & looks to German ZEW economic sentiment numbers EUR/GBP rose for a third straight session yesterday after data showed that the UK economy unexpectedly shrank for a second consecutive month. Read more…
Bitcoin collapsed 15.1% on Monday, ending the day around $23,200 and slipped another 10% on Tuesday morning on inertia before finding support from buyers after touching $20,800. Ethereum has lost 7.8% in the past 24 Read more…
EURJPY is rebounding off the 23.6% Fibonacci retracement level of the up leg from 124.40 to 144.25 at 139.55 and is returning above the 140.00 round number. According to the MACD, negative momentum could push Read more…
GBPUSD switched to a recovery mode on Monday following last week’s brutal sell-off, which worsened the broad outlook and squeezed the price to a new two-year low of 1.2100. The previous low of 1.2154 is currently limiting Read more…
Triple daily Doji and early Tuesday’s action moving within a narrow range suggest that bulls faced headwinds after initial attempt through key long-term barrier at 135.06 (2002 high). Overbought daily studies and strong bullish momentum Read more…