Month: July 2022

Bitcoin was down 5% on Tuesday, ending it at around $19,400 and remaining near that level by the start of European trading. Ethereum has lost 3.3% in the last 24 hours to $1055. Altcoins from Read more…

EUR/USD After the single European currency reached parity with the U.S. dollar during yesterday’s trading session, we witnessed a slight recovery and a test of the first resistance zone at 1.0071. The bulls have not Read more…

Crude oil is coming nicely down in the 4-hour chart after we spotted a wedge pattern within wave (Y) of B. So, we are now tracking wave C of a higher degree countertrend price action. Read more…

Markets Core bond yields in Europe closed at or slightly below key support levels yesterday. For Germany’s 10y reference (-11.4 bps, 1.13%), this meant the 1.12%/1.15% area. Other changes ranged from -8.7 bps to 13.1 Read more…

Daily Pivots: (S1) 0.6720; (P) 0.6749; (R1) 0.6788; More… Further decline is expected in AUD/USD with 0.6873 resistance intact. Current down trend from 0.8006 should target next fibonacci level at 0.6461. On the upside, break Read more…

Daily Pivots: (S1) 1.2988; (P) 1.3019; (R1) 1.3055; More… Intraday bias in USD/CAD remains neutral for the moment. Further rise is mildly in favor with 1.2818 support intact. On the upside, break of 1.3082 and Read more…

Daily Pivots: (S1) 1.0000; (P) 1.0037; (R1) 1.0074; More… Further decline is expected in EUR/USD with 1.0189 minor resistance intact. Current down trend should target 100% projection of 1.1184 to 1.0348 from 1.0773 at 0.9937. Read more…

Daily Pivots: (S1) 1.1827; (P) 1.1932; (R1) 1.1998; More… Intraday bias in GBP/USD is turned neutral again with current recovery. But further fall is expected with 1.2055 resistance intact. Break of 1.1806 will resume larger Read more…

Daily Pivots: (S1) 0.9794; (P) 0.9827; (R1) 0.9849; More… Further rally is expected in USD/CHF with 0.9721 minor support intact. Consolidation pattern from 1.0063 should have completed with three waves down to 0.9493 already. Further Read more…

Daily Pivots: (S1) 136.39; (P) 136.96; (R1) 137.44; More… Intraday bias in USD/JPY stays neutral for consolidation below 137.74. Further rally is expected as long as 134.73 support holds. On the upside, break of 137.74 Read more…