Month: February 2023

GBP/USD falls as the UK contracts in December GBP/USD is falling amid USD strength and as investors digest the latest UK GBP data. UK Q4 GDP stalled at 0% after contracting -0.3% QoQ in Q3, Read more…

GBPJPY is standing above the long-term uptrend line, but the short-term view seems to be neutral, finding strong resistance at 161.80. The RSI indicator is pointing slightly down in the bearish region, while the MACD Read more…

We talked about the EURUSD pair a few reviews ago. The construction of a bearish cycle impulse, consisting of five main sub-waves I-II-III-IV-V, continues. Most likely, correction IV is under development. This complex correction looks Read more…

The S&P 500 pared earlier gains after US Treasury yields climbed. On the daily chart, the rally has gained traction after a break above the double top (4130) formed by the September and December highs. Read more…

The New Zealand dollar falls back over subdued risk appetite. The pair is looking to hold on to its gains after breaking above the December high of 0.6500. Last month’s swing low around 0.6200-0.6280 is Read more…

The pound retreats as traders reposition ahead of a series of UK data. After coming off December’s high of 1.2440, the pair is staging a bounce from the demand zone around the psychological level of Read more…

Daily Pivots: (S1) 1.5417; (P) 1.5454; (R1) 1.5519; More… No change in EUR/AUD’s outlook as deeper fall could be seen to retest 1.5254/71 support zone. Firm break there will carry larger bearish implication and resume Read more…

Daily Pivots: (S1) 0.8839; (P) 0.8862; (R1) 0.8884; More… Intraday bias in EUR/GBP remains neutral for the moment. Further rise is expected as long as 0.8720 support holds. On the upside, break of 0.8977 will Read more…

Daily Pivots: (S1) 140.79; (P) 141.06; (R1) 141.51; More…. Intraday bias in EUR/JPY remains neutral as range trading continues. On the upside, decisive break of 142.84 will argue that the correction from 148.38 has completed Read more…