The dollar index is holding within a narrow consolidation in early Friday, following strong rally in past two days (up almost 2%) which retraced 50% of 114.72/109.95 pullback, adding to signals that corrective phase from Read more…
USDCAD is gaining sustainable ground, finding support at the 1.3505 barrier. The 20- and 50-day simple moving averages (SMAs) are following the upward movement; however, the technical oscillators are weakening their momentum. The MACD is Read more…
The current chart of the USDCNH currency pair shows the development of the correction pattern – the primary zigzag Ⓐ-Ⓑ-Ⓒ. This primary construction today looks completed in two parts out of three. The last bullish Read more…
The S&P 500 treads water ahead of the nonfarm payrolls report in September. The index has been looking to claw back some losses after its drop below the critical floor at 3750. Sentiment remains downbeat Read more…
The euro weakened after the ECB minutes showed that a recession was “increasingly likely”. A break above 143.50 the origin of a previous liquidation has prompted sellers to cover their bets. This is an indication Read more…
The US dollar bounces higher as traders bet on the Fed to stay on an aggressive tightening course. With the double top (0.9860) now out of the picture, the directional bias remains up as the Read more…
Daily Pivots: (S1) 160.58; (P) 162.52; (R1) 163.92; More… Intraday bias in GBP/JPY remains neutral first. While further rise could be seen, strong resistance might be seen from 169.10 high to limit upside, at least Read more…
Daily Pivots: (S1) 141.55; (P) 142.51; (R1) 143.05; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 145.62 resistance will resume larger up trend. However, break of 140.77 Read more…
Daily Pivots: (S1) 0.8721; (P) 0.8769; (R1) 0.8821; More… Intraday bias in EUR/GBP remains neutral at this point, and deeper decline is in favor with 0.8848 minor resistance intact. Rise from 0.8201 could have completed Read more…
Daily Pivots: (S1) 1.5187; (P) 1.5257; (R1) 1.5345; More… Intraday bias in EUR/AUD remains neutral at this point. For now, further rally is in favor as long as 1.5047 support holds. Firm break of 1.5416 Read more…