EURJPY is easing for the fifth consecutive red day and is being capped by the 20-day simple moving average (SMA). The pair is creating a bearish correction in the short-term timeframe, but it still remains above the long-term Read more…
The structure of the GBPUSD currency suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle degree. The Read more…
The Dax 40 struggles as tensions escalate in Ukraine. The index has met stiff selling pressure in the former demand zone (12690) from the daily chart, which also coincides with the 30-day moving average. A Read more…
The pound slips after a loss of confidence in Britain’s government. The euro is still consolidating following a spike above 0.9200. A bounce off 0.8660 at the base of a rally in mid-September suggests a Read more…
The US dollar keeps advancing thanks to the Fed policy momentum. The latest rally came to a halt at the parity level, a sign that the bears were eager to sell into strength. A fall Read more…
European stock markets are poised for another weak open as much of Asia reopened on Tuesday to large declines. Asia is flashing red as it nears the close and Europe may be facing a similarly Read more…
Markets Yesterday, risk sentiment remained fragile even as US markets (Columbus Day) and some Asian markets were closed. EMU equities (EuroStoxx 50 -0.55%) mostly closed in negative territory, but the damage could have been worse Read more…
Daily Pivots: (S1) 149.93; (P) 155.84; (R1) 167.07; More… Intraday bias sin GBP/JPY remains neutral for the moment. On the downside, below 159.41 minor support will turn bias back to the downside for 148.93 again. Read more…
Daily Pivots: (S1) 140.95; (P) 141.38; (R1) 141.85; More…. Intraday bias in EUR/JPY stays neutral at this point. On the downside, break of 140.77 minor support will turn bias back to the downside, to extend Read more…
Daily Pivots: (S1) 0.8744; (P) 0.8778; (R1) 0.8811; More… Intraday bias in EUR/GBP stays neutral and outlook is unchanged. On the downside, sustained trading below 55 day EMA (now at 0.8656) will extend the fall Read more…