Daily Pivots: (S1) 0.9864; (P) 0.9885; (R1) 0.9922; More…. Intraday bias in EUR/CHF stays neutral for consolidation below 0.9953. Downside of retreat should be contained by 0.9798 resistance turned support to bring rebound. On the Read more…
Week starts with blurred sentiment on the back of mixed US jobs data, and soft Chinese trade figures. Chinese exports and imports unexpectedly shrank in October; this was the first synchronized drop since May 2020. Read more…
Market movers today This week is quiet in terms of data. Hence, focus will be on central bank speeches and on the US mid-term elections on Tuesday. Today, we get German industrial production data for Read more…
ECB Governing Council member Francois Villeroy de Galhau said in an interview, “as long as underlying inflation has not clearly peaked, we shouldn’t stop on rates,” “It’s too early to tell where the end point Read more…
Daily Pivots: (S1) 0.9812; (P) 0.9890; (R1) 1.0036; More… Intraday bias in EUR/USD remains neutral at this point. On the downside, break of 0.9729 will reaffirm the case the corrective rise from 0.9534 has completed Read more…
Daily Pivots: (S1) 0.9868; (P) 1.0006; (R1) 1.0081; More… Intraday bias in USD/CHF remains neutral for the moment. Consolidation from 1.0146 could extend further, but further rally is expected as long as 0.9840 support holds. Read more…
Daily Pivots: (S1) 1.1223; (P) 1.1302; (R1) 1.1455; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.1145 temporary low will reaffirm the case that corrective rise from 1.0351 Read more…
Daily Pivots: (S1) 146.02; (P) 147.21; (R1) 147.86; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Consolidation from 151.93 should extend further. In case of deeper fall, downside should be contained by Read more…
Daily Pivots: (S1) 0.6341; (P) 0.6412; (R1) 0.6539; More… Intraday bias in AUD/USD remains neutral at this point. On the upside, decisive break of 0.6521 resistance will now complete a head and shoulder bottom pattern 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. Towards the end of last Read more…