Month: October 2023

Daily Pivots: (S1) 0.9493; (P) 0.9529; (R1) 0.9574; More… Intraday bias in EUR/CHF stays on the upside at this point. Rebound from 0.9416 short term bottom is in progress. Sustained break of 55 D EMA Read more…

Daily Pivots: (S1) 1.0534; (P) 1.0566; (R1) 1.0596; More… Intraday bias in EUR/USD remains neutral for the moment. On the downside, break of 1.0522 support will turn bias back to the downside for retesting 1.0447 Read more…

Daily Pivots: (S1) 1.2098; (P) 1.2130; (R1) 1.2155; More Intraday bias in GBP/USD remains neutral as range trading continues. Outlook also stays bearish with 1.2336 resistance intact. On the downside, firm break of 1.2036 will Read more…

Daily Pivots: (S1) 149.26; (P) 149.84; (R1) 150.22; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, below 149.30 minor support will turn bias to the downside for deeper pull back. Read more…

Daily Pivots: (S1) 0.8991; (P) 0.9014; (R1) 0.9048; More…. Intraday bias in USD/CHF remains mildly on the upside at this point. Rebound from 0.8886 short term bottom would target 0.9086 resistance first. Sustained break there Read more…

Daily Pivots: (S1) 0.6313; (P) 0.6341; (R1) 0.6362; More… Intraday bias in AUD/USD remains neutral at this point, and outlook stays bearish with 0.6398 resistance intact. On the downside, break of 0.6269 will resume larger Read more…

Recent decline in the Nikkei 225 has managed to stall again at the key 200-day moving average with positive momentum seen in the hourly RSI indicator. Bank of Japan’s (BoJ) latest quarterly outlook report will Read more…

Daily Pivots: (S1) 1.3820; (P) 1.3850; (R1) 1.3905; More… Intraday bias in USD/CAD remains on the upside at this point. Further rally should be seen to retest 1.3976. Decisive break there will resume larger up Read more…

The foreign exchange markets have commenced the week on a relatively quiet note, with major currency pairs and crosses adhering closely to Friday’s trading range. Commodity currencies have shown a modest edge, while European majors Read more…

DXY: The DXY chart currently exhibits bullish momentum, suggesting the potential for a bullish continuation towards the 1st resistance. The 1st support at 105.64 is considered significant as it aligns with an overlap support and Read more…