Daily Pivots: (S1) 0.9975; (P) 1.0031; (R1) 1.0070; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, firm break of 1.0092 will resume whole rise from 0.9534. Further rally should then Read more…
Daily Pivots: (S1) 1.1272; (P) 1.1420; (R1) 1.1505; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.1644 will resume the whole rise from 1.0351 and target 1.1759/2292 Read more…
Daily Pivots: (S1) 0.9802; (P) 0.9838; (R1) 0.9876; More… Intraday bias in USD/CHF remains on the downside and outlook is unchanged. A double top pattern should be completed (1.0146, 1.0146). Deeper fall should be seen Read more…
Daily Pivots: (S1) 145.45; (P) 146.12; (R1) 147.07; More… Outlook in USD/JPY remains unchanged as consolidation from 151.93 is still in progress. Intraday bias stays neutral. Deeper decline might be seen but downside should be Read more…
Daily Pivots: (S1) 1.3444; (P) 1.3493; (R1) 1.3575; More…. USD/CAD recovered after hitting 1.3386 and intraday bias is turned neutral first. On the upside, firm break of 1.3351 minor resistance will invalidate the head and Read more…
Daily Pivots: (S1) 0.6390; (P) 0.6456; (R1) 0.6497; More… AUD/USD is retreating further away from 0.6550 and intraday bias stays neutral first. Above 0.6550 will resume the corrective rise from 0.6169 towards 0.6680 support turned Read more…
The selloff in cryptocurrencies spread to global stocks. Commodity currencies tumbled broadly following risk-off sentiment. Swiss Franc and Euro are currently the biggest winner from market sentiment, while Sterling softened notably against European peers. Dollar Read more…
The hottest beats on the dancefloor these days are inflation reports, with the vast majority of them beating expectations. So it makes me a little nervous that US inflation is expected to soften slightly – Read more…
Short term Elliott Wave view in AUDUSD shows an incomplete bullish sequence from 10.13.2022 low favoring more upside. Rally from 10.13.2022 low is unfolding as a double three Elliott Wave structure. Up from 10.13.2022 low, Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. Overnight, USDJPY had some bullish Read more…