Month: September 2022

Daily Pivots: (S1) 139.79; (P) 140.30; (R1) 140.71; More… Intraday bias in USD/JPY stays on the upside, and current up trend should target 100% projection of 126.35 to 139.37 from 130.38 at 143.40. Sustained break Read more…

Daily Pivots: (S1) 0.9778; (P) 0.9819; (R1) 0.9853; More… While USD/CHF is losing some upside momentum as seen in 4 hour MACD, further rise is still expected. Triangle correction from 1.0063 could have completed at Read more…

Daily Pivots: (S1) 1.1474; (P) 1.1532; (R1) 1.1567; More… Intraday bias in GBP/USD stays on the downside and deeper fall should be seen to 1.1409 long term support. Firm break there will pave the way Read more…

USD/JPY: On the H4 chart, price has confirmed a bullish momentum breaking the previous high. We are bullish bias- Price has pulled back slightly but if bullish momentum continues, it should test the first resistance Read more…

Daily Pivots: (S1) 0.9925; (P) 0.9979; (R1) 1.0016; More… EUR/USD’s down trend resumed by breaking 0.9899 low. Intraday bias is back on the downside for 61.8% projection of 1.0773 to 0.9951 from 1.0368 at 0.9860. Read more…

The downside breakout in EUR/USD is finally here as markets focus turns to meetings of RBA, BoC and ECB. Dollar is rising broadly, and risk-off sentiment takes Yen and Swiss Franc higher too. Euro is Read more…

China Caixin PMI Services dropped slightly from 55.5 to 55.0 in August, above expectation of 54.2. Caixin added that business activity growth held close to July’s 15-month high. total new orders rose despite stronger fall Read more…

Australia AiG Performance of Construction Index rose 2.6 pts to 47.9 in August. Activity rose 3.5 to 46.2. Employment dropped -5.3 to 47.7. New orders rose 7.9 to 51.0. Supplier deliveries rose 3.4 to 45.6. Read more…

Key Highlights EUR/USD could accelerate lower if it breaks the 0.9900 support. A major bearish trend line is forming with resistance near 0.9990 on the 4-hours chart. GBP/USD remains in a bearish zone below the Read more…