Month: January 2023

The New Zealand dollar inched higher as risk appetite gained traction across the board. On the daily chart, a bullish MA cross following a brief consolidation suggests that the rally may have picked up speed Read more…

The US dollar continues downward as the market rules out a 50 basis point hike next month. The pair has recouped most of the losses from last week’s sell-off after bouncing off 0.6870 which coincides Read more…

Daily Pivots: (S1) 0.9991; (P) 1.0013; (R1) 1.0042; More…. Intraday bias in EUR/CHF stays mildly on the upside at this point. Rebound from 0.9873 is in progress for retesting 1.0095 resistance. On the downside, though, Read more…

Daily Pivots: (S1) 0.8752; (P) 0.8784; (R1) 0.8813; More… EUR/GBP recovered to 0.8813 but quickly retreated. Intraday bias stays neutral first. On the downside, below 0.8720 will resume the fall from 0.8896 to 61.8% retracement Read more…

Daily Pivots: (S1) 1.5392; (P) 1.5517; (R1) 1.5592; More… Intraday bias stays neutral in EUR/AUD first. While deeper fall cannot be ruled out, strong support could be seen from 38.2% retracement of 1.4281 to 1.5976 Read more…

Daily Pivots: (S1) 141.00; (P) 141.54; (R1) 142.61; More…. Intraday bias in EUR/JPY remains neutral as range trading continues. On the downside, break of 137.37 will resume the whole decline from 148.38 to 135.40 fibonacci Read more…

Daily Pivots: (S1) 160.83; (P) 161.32; (R1) 162.27; More… Intraday bias in GBP/JPY is back on the upside with break of 161.51 resistance. Sustained trading above 55 day EMA (now at 162.09) should pave the Read more…

EURJPY has been developing within a symmetrical triangle in the long-term timeframe, taken from the troughs in May 2022 and the peak in October 2022. Moreover, in the short-term view, the price is consolidating within Read more…