Daily Pivots: (S1) 0.9766; (P) 0.9784; (R1) 0.9808; More…. Intraday bias in EUR/CHF stays neutral as consolidation from 0.9697 is extending. While further fall cannot be ruled out, some support might be seen from 0.9650 Read more…
GBPJPY reversed from support level 160.50 Likely to rise to resistance level 166.00 GBPJPY currency pair recently reversed up with the daily Hammer from the key support level 160.50 (which has been continually reversing the Read more…
EURJPY broke resistance level 136.65 Likely to rise to resistance level 138.00 EURJPY currency pair recently broke the resistance level 136.65 intersecting with the 38.2% Fibonacci correction of the downward impulse C from July. The Read more…
Another instrument that we have been trading lately is GBPUSD forex pair. In this technical blog we’re going to take a quick look at the Elliott Wave charts of GBPUSD and explain the trading strategy. Read more…
EURUSD has been trading sideways for three weeks after the price managed to rebound from the 20-year low of 0.9951. In addition, the pair is currently standing below both its descending 50- and 200-day simple moving Read more…
Eurozone Sentix Investor Confidence improved slightly from -26.4 to -25.2 in August, better than expectation of -26.3. Current Situation index ticked up from -16.5 to -16.3. Expectations index also edged up from -35.8 to -33.8. Read more…
EUR/USD Last week, the single European currency ended with strong bearish pressure. After the announcement of the non-farm payroll numbers on Friday, the bears managed to breach the key support at 1.0210. Their attempt to Read more…
Stock markets fall as a robust US labour market may stir up the Fed’s hawkishness. The rising trendline is a sign of improved sentiment and a close above 13650 at the tip of a faded Read more…
The Canadian dollar softened after weaker-than-expected jobs data. The US dollar has been resilient despite its break below the daily support at 1.2480. This suggests that the pair is still in a consolidation phase. 1.2770 Read more…
The US dollar surged after July’s nonfarm payrolls more than doubled the market’s expectations. Multiple tests of the demand zone around 1.0100 suggests solid interest in keeping the rebound intact. 1.0290 next to the 30-day Read more…