Daily Pivots: (S1) 1.0379; (P) 1.0408; (R1) 1.0443; More…. Intraday bias in EUR/CHF remains on the upside for 1.0413 resistance. Firm break there will resume whole rebound from 0.9970, for 1.0610 structural resistance. On the Read more…
Daily Pivots: (S1) 1.2498; (P) 1.2558; (R1) 1.2593; More… Intraday bias in USD/CAD stays on the downside a this point. Fall from 1.3075 should target 1.2401 support first. Decisive break of 1.2401 support will argue Read more…
Daily Pivots: (S1) 1.0665; (P) 1.0689 (R1) 1.0727; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside, break of 1.0626 minor support will indicate rejection by 55 day EMA, and Read more…
Weakness in Yen and Swiss Franc are both staying under selling pressure today, and there is not clear sign of bottoming yet. Sterling is currently the stronger one for the week but there is no Read more…
While Swiss Franc and Yen are both the biggest losers for the month so far, Yen is worse by a mile. BoJ is clear that it’s going to maintain the current ultra-loose monetary easing. On Read more…
Japan’s GDP was finalized at -0.1% qoq in Q1, better than earlier estimate of -0.3% qoq. In annualized term. GDP contracted -0.5%. Private consumption, which accounts for more than half of the GDP, was revised Read more…
DXY: On the H4, with RSI moving in a descending channel, we have a bearish bias that price will drop to our 1st support at 101.668 where the horizontal swing low support and 78.6% fibonacci Read more…
The ECB are set to announce their monetary policy decision tomorrow, where the focus will be on forward guidance for rates from July onwards. There has been a growing chorus of calls for the ECB Read more…
The Gold market’s controlled and limited price action was continued for another week, leaving traders in a rather puzzled state. It is possible that Gold maybe shying away from major price action due to contradicting Read more…
EURJPY shows an incomplete bullish sequence from March 2022 low favoring further upside. The 100% – 161.8% Fibonacci extension from March 2022 low can see pair reaching 148.3 – 158 level in the medium term. Read more…