Month: November 2022

Daily Pivots: (S1) 0.6390; (P) 0.6456; (R1) 0.6497; More… Break of 0.6550 resistance indicate resumption of rise from 0.6169. Intraday bias is back on the upside. Sustained trading above 55 day EMA will be a Read more…

Daily Pivots: (S1) 1.3444; (P) 1.3493; (R1) 1.3575; More…. USD/CAD’s decline from 1.3976 resumed after brief recovery and intraday bias is back on the downside. Strong support should be seen at 1.3207 cluster support (61.8% Read more…

Daily Pivots: (S1) 145.45; (P) 146.12; (R1) 147.07; More… USD/JPY’s decline from 151.93 accelerated lower today Break of 38.2% retracement of 130.38 to 151.93 at 143.69 argues that fall form 151.93 is correcting larger up Read more…

Daily Pivots: (S1) 0.9802; (P) 0.9838; (R1) 0.9876; More… USD/CHF’s fall from 1.0146 accelerates lower today and intraday bias stays on the downside. Next target is 61.8% retracement of 0.9369 to 1.0146 at 0.9666. Sustained Read more…

Daily Pivots: (S1) 1.1272; (P) 1.1420; (R1) 1.1505; More… Immediate focus is now on 1.1644 resistance. Decisive break there will resume larger rise from 1.0351. Further break of 1.1759 support turned resistance will carry larger Read more…

Daily Pivots: (S1) 0.9975; (P) 1.0031; (R1) 1.0070; More… EUR/USD’s break of 1.0092 resistance now confirms resumption of whole rebound from 0.9534. Intraday bias is back on the upside for 38.2% retracement of 1.1494 to Read more…

Dollar dives sharply in early US session after lower than expected CPI readings. CPI might have really started to turn around, and that would support Fed to start slowing the pace of tightening. For now, Read more…