Daily Pivots: (S1) 1.3683; (P) 1.3746; (R1) 1.3808; More…. Intraday bias in USD/CAD remains neutral for the moment. Further rise in favor as long as 1.3501 support holds. On the upside, decisive break of 1.3976 Read more…
Daily Pivots: (S1) 0.6251; (P) 0.6311; (R1) 0.6351; More… Intraday bias in AUD/USD stays mildly on the downside for retesting 0.6169. Firm break there will resume larger down trend to 138.2% projection of 0.7660 to Read more…
Daily Pivots: (S1) 0.9707; (P) 0.9773; (R1) 0.9817; More… Intraday bias in EUR/USD stays on the downside for the moment. Corrective pattern from 0.9534 should have completed with three waves up to 1.0092. Deeper decline Read more…
Daily Pivots: (S1) 1.1065; (P) 1.1243; (R1) 1.1335; More… Intraday bias in GBP/USD remains on the downside for the moment. Corrective rebound should have completed with three waves up to 1.1644. Deeper fall would be Read more…
Daily Pivots: (S1) 147.44; (P) 147.94; (R1) 148.78; More… Intraday bias in USD/JPY remains neutral and outlook is unchanged. Consolidation from 151.93 is extending. Deeper decline cannot be ruled out, but downside should be contained Read more…
Since November 2021, Bitcoin (BTCUSD) has been experiencing a strong downtrend losing over 70% from its all-time high. Although, sellers may not have capitulated yet, current trends are “typical” for the end of bear markets. Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. Overnight, USDJPY experienced some bullish momentum with the price closing above the 1st support line at 147.410 where the 127.2% Fibonacci extension Read more…
Daily Pivots: (S1) 1.0044; (P) 1.0095; (R1) 1.0187; More… USD/CHF retreats mildly ahead of 1.0146 resistance, but intraday bias stays neutral first. On the upside, firm break of 1.0146 will resume larger up trend. Next Read more…
Asian markets are very mixed today, with Nikkei trading lower, following US stocks overnight. But strong rebound is seen in Hong Kong and China. As a result, Dollar is paring some of the post-FOMC gains Read more…
US non-farm payroll employment data is the major focus of the day. Markets are expecting the job market to grow 200k in October. Unemployment rate is expected to tick up from 3.5% to 3.6%. Looking Read more…