Month: November 2022

The euro retreats over muted GDP growth in the eurozone. The price action is hovering around parity in an attempt to hold onto its recent gains, a sign of the bulls’ strong attachment to this Read more…

Daily Pivots: (S1) 169.91; (P) 171.02; (R1) 171.70; More… GBP/JPY retreated after hitting 172.11 and intraday bias is turned neutral first. Downside of retreat should be contained above 164.95 support to bring another rally. Break Read more…

Daily Pivots: (S1) 146.55; (P) 147.16; (R1) 147.60; More…. Intraday bias in EUR/JPY stays neutral as consolidation from 148.38 is extending. In case of another fall, downside should be contained 140.88/144.06 support zone to bring Read more…

Daily Pivots: (S1) 0.8585; (P) 0.8606; (R1) 0.8638; More… EUR/GBP is losing downside momentum but further decline is expected with 0.8779 resistance intact. Current decline from 0.9267 should target 0.8201/8388 support zone. However, break of Read more…

ECB President Christine Lagarde said in an interview, “Inflation is still far too high in the euro area as a whole… Higher energy and food prices are still the main drivers of price increases. We Read more…

Daily Pivots: (S1) 0.9930; (P) 0.9964; (R1) 1.0001; More… EUR/USD is staying above 0.9847 minor support and intraday bias remain neutrals first. Further rise is in favor as long as 0.9847 minor support holds. Break Read more…

Daily Pivots: (S1) 1.1414; (P) 1.1514; (R1) 1.1567; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.1664 is extending. Further rise is expected as long as 1.1256 minor support holds. On the upside, Read more…

Daily Pivots: (S1) 0.9972; (P) 1.0003; (R1) 1.0047; More… USD/CHF retreated after touching 1.0030 minor resistance and intraday bias stays neutral first. On the upside, break of 1.0030 minor resistance will suggest that pull back Read more…

Daily Pivots: (S1) 147.92; (P) 148.38; (R1) 149.22; More… Intraday bias in USD/JPY remains neutral as corrective pattern from 151.93 is extending. Another fall could be seen, but downside should be contained by 38.2% retracement Read more…

Daily Pivots: (S1) 1.3588; (P) 1.3636; (R1) 1.3672; More…. Intraday bias in USD/CAD remains neutral for the moment. On the downside, firm break of 1.3501 will bring deeper correction 55 day EMA (now at 1.3439) Read more…