CADJPY was trading sideways for the last couple of months, where we were tracking a bullish triangle pattern within higher degree wave IV before a bullish continuation for wave V. On september 04, we have Read more…
Daily Pivots: (S1) 0.8610; (P) 0.8622; (R1) 0.8645; More… Intraday bias in EUR/GBP stays on the upside as rise from 0.8491 extends higher today. While further rally could be seen, this rise is seen as Read more…
Daily Pivots: (S1) 182.82; (P) 183.15; (R1) 183.59; More… Further decline is expected in GBP/JPY despite loss of downside momentum. Sustained trading below 55 D EMA (now at 182.49) will argue that it’s already in Read more…
Daily Pivots: (S1) 157.63; (P) 157.95; (R1) 158.25; More…. Intraday bias in EUR/JPY remains neutral for the moment. Risk will be mildly on the downside as long as 158.64 resistance holds. Break of 156.57 support, Read more…
Daily Pivots: (S1) 1.6509; (P) 1.6563; (R1) 1.6602; More… Intraday bias in EUR/AUD remains neutral as consolidation form 1.6452 is still extending. Further decline is expected with 1.6793 resistance intact. Fall from 1.7062 is seen Read more…
Daily Pivots: (S1) 0.9572; (P) 0.9586; (R1) 0.9601; More… Intraday bias in EUR/CHF stays neutral as it’s still bounded in range trading. As long as 0.9600 resistance holds, downside breakout is in favor. Firm break Read more…
In the update to Swiss State Secretariat for Economic Affairs economic forecasts, a marginal upgrade has been bestowed upon Switzerland’s 2023 GDP outlook, leveraging the robust performance in the first quarter. The forecast, adjusted for Read more…
Daily Pivots: (S1) 1.3390; (P) 1.3442; (R1) 1.3499; More…. Intraday bias in USD/CAD remains on the downside for the moment. Current fall from 1.3693 is seen as another falling leg in the corrective pattern from Read more…
Daily Pivots: (S1) 0.6429; (P) 0.6452; (R1) 0.6475; More… Range trading continues in AUD/USD and intraday bias remains neutral. Outlook stays bearish with 0.6520 resistance intact. On the downside, break of 0.6356 will resume larger Read more…
Daily Pivots: (S1) 147.61; (P) 147.77; (R1) 148.02; More… Intraday bias in USD/JPY is back on the upside, as recent rally resumed after brief consolidations. Current rise from 127.20 should target a retest on 151.93 Read more…