In the long term, GBPJPY seems to be forming a global corrective trend that takes the form of a double zigzag. On the 1H timeframe, the final part of this trend is visible – the Read more…
The S&P 500 consolidates as investors await US inflation data later today. After turning south at 4100 near September’s high, the index has struggled to find follow-up bids. A fall through the base of the Read more…
The pound strengthened after the UK’s GDP beat expectations in October. The pair has failed to build a support base after it dropped below the major bottom (0.8570) that has been valid since last September. Read more…
The Canadian dollar struggles over plunging oil prices amid demand concerns. On the daily chart, the outlook remains positive and crossing moving averages may suggest a potential acceleration to the upside. The pair hit resistance Read more…
Stock markets are tentatively higher in Asia while Europe and the US are poised for a similarly modest start to trade in what is the start of a hectic 72 hours in the markets. For Read more…
Daily Pivots: (S1) 1.3608; (P) 1.3645; (R1) 1.3672; More…. Intraday bias in USD/CAD stays neutral and consolidation from 1.3699 could extend further. The favored case is still that correction from 1.3976 has completed at 1.3224. Read more…
Daily Pivots: (S1) 0.6718; (P) 0.6758; (R1) 0.6788; More… Range trading continues in AUD/USD and intraday bias stays neutral first. On the downside, break of 0.6641 should confirm rejection by 0.6871 resistance. Intraday bias will Read more…
Daily Pivots: (S1) 1.0503; (P) 1.0542; (R1) 1.0577; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside, break of 1.0442 support will indicate rejection by 1.0609 fibonacci level. Bias will Read more…
Daily Pivots: (S1) 1.2216; (P) 1.2257; (R1) 1.2307; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias stays neutral for the moment. Further rally is expected as long as 1.1898 support holds. Read more…
Daily Pivots: (S1) 0.9323; (P) 0.9352; (R1) 0.9389; More… USD/CHF is losing downside momentum but there is no sign of rebound yet. Focus stays on 0.9287 fibonacci level. Decisive break there will target 0.9149 structural Read more…