The dollar index remains under strong pressure and extends weakness in European session on Friday, following 2.2% fall previous day, when the greenback was deflated by lower than expected US inflation rise in October that Read more…
The Japanese yen is taking a breather after posting huge gains on Thursday. In the European session, USD/JPY is trading at 140.30, down 0.45%. Japan’s PPI declines The week wrapped up with a key inflation Read more…
The British pound has extended its gains today, following a huge Thursday. In the European session, GBP/USD is trading at 1.1729, up 0.15%. US dollar crashes after soft inflation report The US dollar was in Read more…
Most likely, as a few weeks ago, a large correction pattern is forming on XAUUSD, taking the form of a cycle triple zigzag. The 1H timeframe shows the structure of the completed cycle intervening wave Read more…
USDCAD completed a bearish head and shoulders structure following the rejection near the 50-day simple moving average (SMA) and the crash below the 1.3500 neckline on Thursday. The price marked a new two-month low of 1.3291 on Read more…
The USDJPY is consolidating in early Friday after suffering heavy losses on Thursday, when the pair was down 550 pips (3.8%) in the biggest one day drop since 1998. The dollar was hit strongly by Read more…
Daily Pivots: (S1) 163.87; (P) 165.66; (R1) 166.94; More… Intraday bias in GBP/JPY stays neutral first. Strong rebound from 55 day EMA (now at 165.37) will retain near term bullishness. Break of 169.06 minor resistance Read more…
Daily Pivots: (S1) 142.47; (P) 144.61; (R1) 146.01; More…. Intraday bias in EUR/JPY remains neutral at this point. Strong support from 55 day EMA (now at 143.53), and rebound from current level will retain near Read more…
Daily Pivots: (S1) 0.8668; (P) 0.8743; (R1) 0.8785; More… Intraday bias in EUR/GBP is turned neutral against with current retreat. On the upside, break of 0.8827 will resume the rise from 0.8570 to 0.8869. Sustained Read more…
Daily Pivots: (S1) 1.5326; (P) 1.5489; (R1) 1.5577; More… EUR/AUD’s consolidation pattern from 1.5704 extends with another falling leg. Intraday bias stays neutral first. Downside is expected to be contained by 55 day EMA (now Read more…