Daily Pivots: (S1) 0.8413; (P) 0.8484; (R1) 0.8522; More… EUR/GBP’s break of 0.8484 support argues that rebound from 0.8201 has completed at 0.8720, after rejection by 0.8697 medium term fibonacci level. Intraday bias is back Read more…
Daily Pivots: (S1) 1.4780; (P) 1.4913; (R1) 1.4986; More… Intraday bias in EUR/AUD stays on the downside for 1.4759 support. Sustained break there should confirm rejection by 1.5354 support turned resistance, and argues that larger Read more…
Daily Pivots: (S1) 0.9872; (P) 0.9901; (R1) 0.9929; More…. Further decline is expected in EUR/CHF despite loss of downside momentum. Current down trend should target 0.9650 long term projection level. On the upside, break of Read more…
Daily Pivots: (S1) 1.2935; (P) 1.2995; (R1) 1.3028; More… Range trading continues in USD/CAD and intraday bias remains neutral. Further rise is mildly in favor with 1.2818 support intact. On the upside, break of 1.3077 Read more…
Daily Pivots: (S1) 0.6787; (P) 0.6818; (R1) 0.6871; More… Range trading continues in AUD/USD and intraday bias remains neutral. Strong support could still be seen from 0.6756/60 cluster support to complete the whole correction from Read more…
Daily Pivots: (S1) 1.0130; (P) 1.0175 (R1) 1.0207; More… Intraday bias in EUR/USD stays mildly on the downside despite some loss of downside momentum. Current down trend should target 1.0090 long term projection level. Break Read more…
Daily Pivots: (S1) 1.1945; (P) 1.1987; (R1) 1.2066; More… Intraday bias in GBP/USD remains neutral for consolidation above 1.1874. Outlook stays bearish as long as 1.2405 resistance holds. On the downside, break of 1.1874 will Read more…
Daily Pivots: (S1) 135.62; (P) 135.92; (R1) 136.29; More… Range trading continues in USD/JPY and intraday bias remains neutral. On the downside, break of 134.25 support will confirm short term topping at 136.99. Considering bearish Read more…
Markets ‘Reflation’ in the current context probably isn’t the right term. Even so, the risk rebound that started Tuesday in the US, continued. Eco data remain a bit inconclusive (jobless claims, trade data, challenger job Read more…
Global equities had a strong session yesterday; most European and US indices gained, leaving many investors wondering though, why the market is pushing higher while the recession talks are surging. The most plausible explanation is Read more…