Cycle from 10.4.2023 low in Nikkei Futures (NKD) is in progress as a 5 waves Elliott Wave diagonal. Up from 10.4.2023 low, wave 1 ended at 32690 and pullback in wave 2 ended at 30405. Read more…
Key Highlights USD/JPY started a major decline below the 146.20 support. A major bearish trend line is forming with resistance near 146.20 on the 4-hour chart. EUR/USD is consolidating near the 1.0765 support zone. The Read more…
Yesterday was finally the day that most FX traders have been waiting for since at least a year: the day where the Bank of Japan (BoJ) gave a hint that it will finally exit its Read more…
Daily Pivots: (S1) 1.3584; (P) 1.3601; (R1) 1.3619; More… Range trading continues in USD/CAD and intraday bias stays neutral. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be Read more…
Daily Pivots: (S1) 0.6531; (P) 0.6565; (R1) 0.6582; More… AUD/USD recovered after hitting 0.6524 and intraday bias is turned neutral first. Some consolidations would be seen, but risk stays mildly on the downside as long Read more…
Daily Pivots: (S1) 141.43; (P) 144.38; (R1) 147.10; More… USD/JPY recovered after breaching 142.45 fibonacci level, but there is no clear sign of bottoming yet. Intraday bias stays on the downside, sustained trading below 142.45 Read more…
Daily Pivots: (S1) 0.8727; (P) 0.8754; (R1) 0.8780; More…. Intraday bias in USD/CHF stays mildly on the upside for the moment. As short term bottom should be in place at 0.8665, on bullish convergence condition Read more…
Daily Pivots: (S1) 1.2554; (P) 1.2584; (R1) 1.2622; More… Intraday bias in GBP/USD is turned neutral with current recovery. Risk will stay on the downside as long as 1.2731 resistance holds. Below 1.3543 will resume Read more…
Daily Pivots: (S1) 1.0760; (P) 1.0788; (R1) 1.0822; More… EUR/USD recovered after falling to 1.0754, and drew support from 55 D EMA (now at 1.0770). Intraday bias is turned neutral for consolidations. But another fall Read more…
Japanese Yen continues to dominate as the strongest currency for the week, finding additional support from Japan’s unexpectedly robust wage growth data. However, its rally is currently pausing, with global financial markets redirecting their focus Read more…