EURUSD has been attempting a rebound in the short term after escaping its descending channel to the upside. However, in the past few daily sessions, the advance has paused as the price has been constantly Read more…
The Euro holds in red for the third straight day, deflated by fresh risk aversion, with early Monday’s acceleration lower, pushing the price to the lowest since Nov 11. bears broke initial Fibo support at Read more…
The Reserve Bank of New Zealand will hold its last policy meeting of the year on Wednesday (01:00 GMT) and another rate hike is on the cards. After five consecutive 50-basis-point rate increases, policymakers will Read more…
The dollar index extends acceleration from last Friday and hits one-week high in early Monday, lifted by renewed risk aversion. Traders move into safety on fresh rise in new Covid cases in China, which prompted Read more…
Hello fellow traders. In this article we’re going to take a quick look at the Elliott Wave charts of SPX ( S&P500) , published in members area of the website. As our members know SPX Read more…
The week is off to a relatively slow start, with Asia trading mostly in the red and Europe and the US poised to do the same. We don’t get many quiet weeks these days but Read more…
Gold price started a fresh decline from well above the $1,780 level against the US Dollar. The price declined below the $1,770 to move into a short-term bearish zone. The pair even traded below the Read more…
Daily Pivots: (S1) 0.9834; (P) 0.9863; (R1) 0.9880; More…. Intraday bias in EUR/CHF is turned neutral again with today’s steep retreat. On the upside, firm break of 0.9953 resistance will resume larger rally from 0.9407 Read more…
Daily Pivots: (S1) 0.8659; (P) 0.8703; (R1) 0.8727; More… Intraday bias in EUR/GBP is mildly on the downside for 0.8570 support first. Firm break there will resume whole decline from 0.9267. On the upside, above Read more…
Daily Pivots: (S1) 1.5422; (P) 1.5473; (R1) 1.5525; More… EUR/AUD is staying in consolidation from 1.5704 and intraday bias stays neutral. While another fall cannot be ruled out, downside should be contained by 55 day Read more…