The Australian dollar recovers over a rebound in risk appetite. Stiff selling at September’s high of 0.6880 had put a dent to the market’s recovery mood. Short-term traders have taken some chips off the table Read more…
The Canadian dollar edged higher after its economy grew by 0.1% in October. The US counterpart had recovered along a rising trendline from mid-November but hit resistance in the supply zone between 1.3700 and last Read more…
It has been quite a quiet start to the week with many major markets still closed for Xmas holiday, but no one saw Santa coming this year, have you? On the contrary, the Bank of Read more…
Daily Pivots: (S1) 159.65; (P) 160.37; (R1) 161.10; More… Intraday bias in GBP/JPY stays neutral at this point. Further decline is expected as long as 162.24. Break of 158.57 will target 161.8% projection of 172.11 Read more…
Daily Pivots: (S1) 140.58; (P) 141.12; (R1) 141.89; More…. Intraday bias in EUR/JPY remains neutral with focus on 141.60 minor resistance. Firm break there will bring stronger rebound to 55 day EMA (now at 143.38). Read more…
Daily Pivots: (S1) 0.8796; (P) 0.8806; (R1) 0.8823; More… Intraday bias in EUR/GBP is turned neutral with 4 hour MACD crossed below signal line. On the upside, decisive break of 08827 resistance will argue that Read more…
Daily Pivots: (S1) 1.5776; (P) 1.5829; (R1) 1.5865; More… Intraday bias in EUR/AUD stays neutral as consolidation form 1.5976 is extending. Further rally will remain in favor as long as 1.5441 support holds. Break of Read more…
Daily Pivots: (S1) 0.9899; (P) 0.9912; (R1) 0.9926; More…. Intraday bias in EUR/CHF remains neutral as consolidation from 0.9953 is still extending. On the upside, firm break of 0.9953 resistance will resume larger rally from Read more…
Daily Pivots: (S1) 1.3560; (P) 1.3599; (R1) 1.3622; More…. Intraday bias in USD/CAD stays neutral for the moment, and further rally is still in favor as long as 1.3516 support holds. Break of 1.3704 will Read more…
Daily Pivots: (S1) 0.6699; (P) 0.6718; (R1) 0.6747; More… Intraday bias in AUD/USD remains neutral for the moment. On the downside, sustained break of 38.2% retracement of 0.6169 to 0.6892 at 0.6616 will indicate rejection Read more…