Month: August 2022

Daily Pivots: (S1) 0.9686; (P) 0.9724; (R1) 0.9782; More… USD/CHF’s rally from 0.9369 is still in progress and intraday bias stays on the upside for 0.9884 resistance. Break there will argue that larger up trend Read more…

Daily Pivots: (S1) 0.6853; (P) 0.6890; (R1) 0.6938; More… Outlook in AUD/USD remains unchanged and further decline is expected with 0.7008 resistance intact. As noted before, corrective rebound from 0.6680 could have completed with three Read more…

Daily Pivots: (S1) 1.3007; (P) 1.3058; (R1) 1.3143; More… Intraday bias in USD/CAD is back on the upside as rebound from 1.2726 resumes after brief retreat. Current rally should be seen to retest 1.3222 high Read more…

Daily Pivots: (S1) 0.9692; (P) 0.9733; (R1) 0.9799; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 0.9550 short term bottom should target 55 day EMA (now at 0.9838) and Read more…

Daily Pivots: (S1) 0.8543; (P) 0.8574; (R1) 0.8625; More… Intraday bias in EUR/GBP stays on the upside as rise from 0.8338 is in progress. Corrective fall from 0.8720 should have completed at 0.8338 already. Further Read more…

Daily Pivots: (S1) 1.4479; (P) 1.4555; (R1) 1.4692; More… EUR/AUD is staying in range below 1.4712 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, firm break of 1.4318 low Read more…

Daily Pivots: (S1) 161.63; (P) 162.14; (R1) 162.88; More… Intraday bias in GBP/JPY remains neutral for the moment as sideway trading continues. Corrective pattern from 168.67 would extend for a while. On the upside, break Read more…

Market movers today The data highlight today will be the euro area HICP figures for August. Headline inflation will likely rise above the 9% mark, despite policy measures to stem the rise in prices. With Read more…

All was going well yesterday; equities were in the green, when suddenly the dark clouds gathered and it started raining in the markets. The biggest catalyzer of yesterday’s sentiment reversal was the stronger-than-expected US economic Read more…