Month: October 2022

Welcome to Technical Tuesday, a weekly report where we highlight some of the most interesting markets that will hopefully appease technical analysts and traders alike. In this week’s edition, we are getting technical on the Read more…

The USD is coming down as stocks pushed higher during the US session yesterday. However, the 10 year US yields are consolidating so we have to consider that the USD can see some more intraday Read more…

GBP/USD has edged lower today, after starting the week with sharp gains. In the North American session, GBP/USD is trading at 1.1334, down 0.18%. Pound jumps after Hunt axes tax cuts The pound continues to Read more…

The US 100 cash index rebounded from 11035 last Thursday, with the recovery accelerating this week. That said, the index remains well below the downside resistance line drawn from the high of December 28, as Read more…

Daily Pivots: (S1) 0.9759; (P) 0.9805; (R1) 0.9891; More… Intraday bias in EUR/USD stays neutral as range trading continues. Deeper decline is expected with 0.9998 resistance intact. Below 0.9630 will bring retest of 0.9534 low Read more…

Daily Pivots: (S1) 1.1237; (P) 1.1338; (R1) 1.1463; More… Range trading continues in GBP/USD and intraday bias stays neutral. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of Read more…

Daily Pivots: (S1) 148.61; (P) 148.85; (R1) 149.27; More… USD/JPY continues to lose upside momentum but there is no sign of topping. Further rise is in favor to 61.8% projection of 130.38 to 140.33 from Read more…

Daily Pivots: (S1) 0.9915; (P) 0.9986; (R1) 1.0027; More… USD/CHF is still holding above 0.9914 minor support and intraday bias remains neutral. On the upside, break of 1.0072, and sustained trading above 1.0063, will confirm Read more…

Japan appeared to have intervene in the currency markets again today. But USD/JPY is holding its head up, staying resilient around 32-year high. Both Dollar and Yen are among the worst as the financial markets Read more…