Month: November 2022

GBPUSD is looking bullish in the short term after surging above its daily moving averages (MAs) and the long-term descending trend line. Prices hit a two-and-half-month high of 1.1853 on Friday, and the technical indicators Read more…

Equity markets are looking slightly positive in early trade on Tuesday, adding to modest gains at the start of the week. While the rally is perhaps slowing a little after the strong gains of recent Read more…

Markets Yesterday was the first day of what we fear will be a November lull. The sharp repositioning after last Thursday’s US CPI release, the arrival of technical support/resistance levels, the absence of key eco Read more…

Daily Pivots: (S1) 163.52; (P) 164.62; (R1) 165.54; More… Intraday bias in GBP/JPY stays neutrla for the moment. Strong rebound from current level, followed by break of 166.06 minor support will turn bias back to Read more…

Daily Pivots: (S1) 143.59; (P) 144.41; (R1) 145.35; More…. Breach of 145.02 minor resistance argues that EUR/JPY’s correction from 148.38 might be completed at 142.54. Intraday bias is back on the upside for retesting 148.38 Read more…

Daily Pivots: (S1) 1.3265; (P) 1.3291; (R1) 1.3344; More…. USD/CAD is losing some downside momentum as seen in 4 hour MACD. But intraday bias stays on the downside for now. Strong support could be seen Read more…

Daily Pivots: (S1) 0.6669; (P) 0.6696; (R1) 0.6729; More… Intraday bias in AUD/USD remains on the upside as rise from 0.6169 is in progress. Next target is 161.8% projection of 0.6169 to 0.6521 from 0.6271 Read more…

Daily Pivots: (S1) 138.89; (P) 139.84; (R1) 140.88; More… Intraday bias in USD/JPY stays neutral for consolidation above 138.45 temporary low. Upside of recovery should be limited below 145.54 support turned resistance and bring another Read more…