Month: January 2023

USDJPY suggests that the formation of a global cycle impulse could have been completed not so long ago. Then the fall of the exchange rate and the construction of a new bearish trend began. Perhaps Read more…

Daily Pivots: (S1) 159.36; (P) 160.33; (R1) 161.61; More… Intraday bias in GBP/JPY stays neutral for the moment. On the upside, above 161.51 will bring further rise to 55 day EMA (now at 162.32). Sustained Read more…

Daily Pivots: (S1) 139.37; (P) 140.29; (R1) 141.58; More…. EUR/JPY is still bounded in range of 137.37/142.84 and intraday bias remains neutral. On the downside, break of 137.37 will resume the whole decline from 148.38 Read more…

Daily Pivots: (S1) 0.8735; (P) 0.8760; (R1) 0.0.8782; More… Intraday bias in EUR/GBP remains neutral at this point. On the downside, below 0.8720 will resume the fall from 0.8896 to 61.8% retracement of 0.8545 to Read more…

Daily Pivots: (S1) 1.5536; (P) 1.5609; (R1) 1.5654; More… Intraday bias in EUR/AUD remains neutral for the moment. Corrective pattern from 1.5976 could still extend with another fall. But strong support could be seen from Read more…

Daily Pivots: (S1) 0.9939; (P) 0.9969; (R1) 1.0021; More…. Intraday bias in EUR/CHF remains on the upside as rebound from 0.9873 extends higher today. Further rise would be seen to retest 1.0095 resistance. On the Read more…

Gold rallied towards a fresh nine-month high of 1,938 in the preceding week, but quickly lost some ground and is currently moving slightly lower. The commodity added more than 20% from the two-and-a-half-year low of Read more…

The Dax 40 recouped losses as investors saw a bargain hunting opportunity. On the daily chart, the RSI’s double top in the overbought area suggests overextension after the index recovered to a 11-month high. A Read more…

Sterling fell back over weak retail sales in December. A sharp fall below the previous swing low at 0.8770 has put the bulls on the defensive. The single currency is resting on 0.8720 at the Read more…