Eurozone PMI Services was finalized at 50.8 in January, up from December’s 49.8, hitting a 6-month high. PMI Composite was finalized at 50.3, up from prior month’s 49.3, a 7-month high. Looking at some member Read more…
Cable is back in an uptrend after a capitulation back in September 2022. Notice that price is looking impulsive on a daily chart up to 1.23-1.24 resistance where bulls will try to form a breakout, Read more…
GBPJPY has been losing ground since early November when it posted a fresh seven-year high of 172.10. In the short-term, the pair’s downtrend accelerated after the BoE delivered an anticipated 50 basis points hike, albeit with Read more…
Daily Pivots: (S1) 156.46; (P) 158.04; (R1) 158.90; More… Outlook in GBP/JPY remains unchanged and intraday bias stays neutral. On the downside, break of 155.33 low will resume the fall form 172.11 to 153.70 fibonacci Read more…
Daily Pivots: (S1) 139.70; (P) 140.82; (R1) 141.55; More…. EUR/JPY is still bounded in range of 137.37/142.84 and intraday bias remains neutral. On the downside, firm break of 155.33 will resume the whole decline from Read more…
Daily Pivots: (S1) 0.8883; (P) 0.8920; (R1) 0.8962; More… Intraday bias in EUR/GBP remains on the upside for the moment. Firm break of 61.8% projection of 0.8545 to 0.8896 from 0.8720 at 0.8937 will extend Read more…
Daily Pivots: (S1) 1.5354; (P) 1.5397; (R1) 1.5461; More… Intraday bias in EUR/AUD stays neutral first. On the upside, above 1.5496 will affirm the case of short term bottoming 1.5254, after defending 1.5271 key support. Read more…
Daily Pivots: (S1) 0.9930; (P) 0.9968; (R1) 1.0001; More…. Outlook in EUR/CHF remains unchanged as consolidation from 1.0095 is extending. Deeper fall could be seen and break of 0.9873 support cannot be ruled out. But Read more…
Daily Pivots: (S1) 1.3270; (P) 1.3309; (R1) 1.3355; More… Intraday bias in USD/CAD is turned neutral with current recovery. Outlook is unchanged that while choppy decline from 1.3704 might extend, strong support is expected from Read more…
Daily Pivots: (S1) 0.7045; (P) 0.7101; (R1) 0.7134; More… Intraday bias in AUD/USD is turned neutral again as it retreated after hitting 0.7156. On the upside, break of 0.7156 will resume the up trend from Read more…