Daily Pivots: (S1) 0.8545; (P) 0.8584; (R1) 0.8625; More… EUR/GBP is staying in range trading and intraday bias remains neutral. As long as 0.8484 support holds, further rise is in favor. Break of 0.8720 and Read more…
Daily Pivots: (S1) 1.5046; (P) 1.5145; (R1) 1.5198; More… Focus is back on 1.5059 minor support in EUR/AUD. Firm break there will indicate rejection of 1.5354 support turned resistance, and revive medium term bearishness. Intraday Read more…
EUR/USD The common European currency lost quite a bit of ground against the dollar, and after the successful violation of the major support at 1.0359, the pair tested the lower zone at 1.0237 as a Read more…
Europe now gets the full attention – we’ve seen Germany’s trade surplus completely eroded, turning negative and into the first deficit since 1991 – clearly impacted by the reduction of Russian gas imports. Germany has Read more…
Recession fears buffeted markets overnight, with the price action across various asset classes looking like a self-sustaining negative feedback loop, triggering more stop losses as prices slumped and dragging in trend-following momentum-hunting fast money. Europe Read more…
A chaotic trading session yesterday saw a couple of major price levels broken. Crude oil fell below the $100pb support, the EURUSD sank below 1.03, Cable slipped below 1.20, gold tanked to $1763 an ounce, Read more…
Daily Pivots: (S1) 1.2887; (P) 1.2986; (R1) 1.3127; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3077 and sustained trading above 1.3022 fibonacci level will carry larger bullish Read more…
Daily Pivots: (S1) 0.6742; (P) 0.6818; (R1) 0.6875; More… Intraday bias in AUD/USD remains neutral as range trading continues. Strong support could still be seen from 0.6756/60 cluster support to complete the whole correction from Read more…
Daily Pivots: (S1) 135.48; (P) 135.92; (R1) 136.31; More… Intraday bias and USD/JPY remains neutral at this point. On the downside, break of 134.25 support will confirm short term topping at 136.99. Considering bearish divergence Read more…
Daily Pivots: (S1) 0.9618; (P) 0.9662; (R1) 0.9730; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. On the upside, break of 0.9731 will argue that the consolidation from 1.0063 has completed and Read more…