Daily Pivots: (S1) 156.06; (P) 156.41; (R1) 157.00; More…. Intraday bias in EUR/JPY is turned neutral with current recovery and with 4H MACD crossed above signal line. Near term outlook stays bearish as long as Read more…
Daily Pivots: (S1) 179.94; (P) 180.60; (R1) 181.63; More… Intraday bias in GBP/JPY is turned neutral with the strong recovery from 178.02, and with 4H MACD crossed above signal line. Near term outlook stays bearish Read more…
Japanese Yen is registering broad gains in today’s Asian trading session, buttressed by the 10-year JGB yield which solidly remains above the 0.8% threshold. However, the yen’s advancement is notably limited, still lingering below this Read more…
Short Term Elliott Wave in EURUSD suggests cycle from 8.30.2023 high is in progress as a 5 waves impulse. Down from 8.30.2023 high, wave ((i)) ended at 1.063 and rally in wave ((ii)) ended at Read more…
DXY: The DXY (US Dollar Index) chart currently exhibits a bearish momentum, and there’s a potential scenario of a bearish continuation towards the 1st support level at 105.68, which is considered significant as it’s identified Read more…
Oil prices took a significant dip overnight, with WTI now trading USD 10 beneath last week’s peak of 95.50. This decline is notably perplexing given the absence of a clear triggering event. OPEC+’s resolution to Read more…
Key Highlights Crude oil prices started a major decline from the $95.40 zone. A major bearish trend line is forming with resistance near $87.20 on the 4-hour chart. Gold prices are trading in a bearish Read more…
Key earnings data will be released on Friday 02.30 GMT as the BoJ is fixated on wages The market remains focused on the rumoured intervention from Japanese authorities A strong set of data could offer Read more…
EURGBP extends its pullback from 4-month high Mildly bearish bias in the near term But plenty of support at 20-day SMA and uptrend line EURGBP has been gradually edging lower after scaling a four-month high Read more…
CHFJPY reversed from support level 160.00 Likely to rise to resistance level 164.00 CHFJPY currency pair recently reversed up from the key support level 160.00 (which has been reversing the pair from July), lower daily Read more…