Daily Pivots: (S1) 0.6343; (P) 0.6357; (R1) 0.6376; More… Intraday bias in AUD/USD stays on the downside at this point. Deeper fall should be seen back to retest 0.6269. Firm break there will resume larger Read more…
Daily Pivots: (S1) 1.3774; (P) 1.3814; (R1) 1.3837; More… Intraday bias in USD/CAD remains mildly on the upside for retesting 1.3897. Strong resistance could be seen there to limit upside on first attempt. On the Read more…
Daily Pivots: (S1) 1.0663; (P) 1.0678; (R1) 1.0700; More… Intraday bias in EUR/USD remains neutral for the moment. On the upside, decisive break of 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763) Read more…
Daily Pivots: (S1) 1.2197; (P) 1.2217; (R1) 1.2248; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Corrective rebound from 1.2036 should have completed with three waves up to 1.2426. Deeper Read more…
Daily Pivots: (S1) 0.8997; (P) 0.9021; (R1) 0.9040; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, below 0.8952 will target a test on 0.8886 support first. Break there will Read more…
Market movers today There are no major data releases planned for today. The most important release this week will likely be US CPI for October on Tuesday, which is extra uncertain this month due to Read more…
Daily Pivots: (S1) 151.30 (P) 151.45; (R1) 151.68; More… As USD/JPY’s rise from 149.17 extends, immediate focus is now on 151.93 key resistance. Decisive break there will confirm resumption of long term up trend. Next Read more…
Japanese Yen continues to weaken, accelerating its decline in today’s Asian session and edging closer to a multi-decade low against Dollar. The market appears to be gaining confidence that Japan will not intervene at this Read more…
The Aussie dollar fell every day last week, losing about 1.5 cents despite the RBA rate hike. A resilient US dollar kept a lid on A$, adding to the focus on US CPI data this Read more…
Key Highlights EUR/USD is correcting gains from the 1.0750 resistance zone. A key declining channel is forming with resistance near 1.0690 on the 4-hour chart. Gold prices started a downside correction from the $2,010 level. Read more…