Month: December 2022

Short term Elliott Wave View in Gold (XAUUSD) suggests the rally from 9.28.2022 low is unfolding as a 5 waves impulse Elliott Wave structure. Up from 9.28.2022 low, wave 1 ended at 1729.46 and pullback Read more…

Asian Indices: Australia’s ASX 200 index fell by -52.9 points (-0.72%) and currently trades at 7,301.50 Japan’s Nikkei 225 index has fallen by -474.72 points (-1.68%) and currently trades at 27,751.36 Hong Kong’s Hang Seng Read more…

Sentiment was mixed at yesterday’s trading session. Equity bulls were timid, while the dollar bears were in charge of the market after the latest PCE data, which is the Fed’s favorite gauge of inflation showed Read more…

Market movers today It’s time for US Nonfarm Payrolls, which is one of the key data points for the Fed going into their next FOMC meeting on 14 December. We expect US job growth to decline Read more…

Daily Pivots: (S1) 164.52; (P) 165.87; (R1) 167.23; More… Intraday bias in GBP/JPY remains mildly on the downside for 163.02 support. Break there will resume the whole decline from 172.11 and target 159.71 support next. Read more…

Daily Pivots: (S1) 141.66; (P) 142.72; (R1) 143.52; More…. Intraday bias in EUR/JPY remains on the upside as fall from 148.38 is in progress. Next target is 61.8% retracement of 133.38 to 148.38 at 139.11. Read more…

Daily Pivots: (S1) 0.8543; (P) 0.8592; (R1) 0.8638; More… Intraday bias in EUR/GBP is back on the downside with break of 0.8570 temporary low. Fall from 0.9267 is resuming and should target 0.8338 support next. Read more…

Daily Pivots: (S1) 1.5333; (P) 1.5394; (R1) 1.5513; More… EUR/AUD is still extending the consolidation pattern from 1.5704 and intraday bias remains neutral. Downside should be contained by 55 day EMA (now at 1.5320) to Read more…

Daily Pivots: (S1) 0.9827; (P) 0.9857; (R1) 0.9893; More…. Intraday bias in EUR/CHF stays neutral as consolidation pattern from 0.9953 is still extending. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…