Daily Pivots: (S1) 1.3579; (P) 1.3635; (R1) 1.3701; More…. Intraday bias in USD/CAD remains neutral as consolidation from 1.3699 is still in progress. The favored case is still that correction from 1.3976 has completed at Read more…
Dollar rises mildly in Asian session as investors turned cautious. Euro is also firmer but Sterling is on the softer side together with Aussie and Kiwi. Market focus are on the four central bank meetings Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is under the Ichimoku cloud which indicates a bearish market. If the bearish momentum continues, Read more…
Japan corporate goods price index, PPI, slowed from 9.4% yoy to 9.3% yoy in November, above expectation of 8.9% yoy. The index, at 118.5, was a record high. Yen-based import price index slowed notably from Read more…
Key Highlights EUR/USD could rise further above the 1.0585 resistance zone. A key bullish trend line is forming with support near 1.0485 on the 4-hours chart. GBP/USD aims an upside break above the 1.2350 resistance Read more…
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of OIL . As our members know, break of 09/27 low made incomplete bearish sequences in Read more…
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