BTCUSD has been trading within a tight range during the past month, unable to adopt a clear direction. However, the descending 50- and 200-day simple moving averages (SMAs) are painting a gloomy technical picture for the Read more…
EUR/USD On Thursday, the session started promisingly and, from the very beginning, the euro managed to rise to the key level of 1.0765. However, this level is the upper end of the range in which Read more…
USDCHF ended wave (4) pullback at 0.954, and pair has now turned higher in wave (5). Pair still needs to break above the previous wave (3) high on 5/16/2022 high at 1.0064 to confirm the Read more…
The Nasdaq 100 weakened after US jobless claims hit a five-month high. The index is struggling to hold onto its gains after it rose above the daily resistance at 12580. A drop below 12400, a Read more…
The euro soared after the ECB said it would kick off its rate hike cycle next month. The pair previously saw solid support at the double bottom at 1.4780. A break above 1.4910 has prompted Read more…
The US dollar bounces as traders reposition ahead of today’s CPI. On the daily chart, a break above the first resistance at 0.6550 and a MA cross suggest that the market mood may have brightened Read more…
Daily Pivots: (S1) 166.84; (P) 167.78; (R1) 168.87; More… Intraday bias in GBP/JPY remains neutral for consolidation below 168.67 temporary top. Downside of retreat should be contained above 162.88 minor support to bring another rally. Read more…
Daily Pivots: (S1) 141.97; (P) 143.08; (R1) 143.80; More…. With a temporary top formed at 144.23, intraday bias in EUR/JPY is turned neutral for consolidations. Downside of retreat should be contained by 139.99 resistance turned Read more…
Daily Pivots: (S1) 1.4891; (P) 1.4966; (R1) 1.5039; More… Intraday bias in EUR/AUD is back on the upside with break of 1.4965 minor resistance. Pull back from 1.5277 could have completed at 1.4759 already. Further Read more…
Daily Pivots: (S1) 0.8459; (P) 0.8525; (R1) 0.8565; More… EUR/GBP is still extending the consolidation from 0.8617 and intraday bias remains neutral. With 0.8365 support intact, further rise is in favor. On the upside, break Read more…