Month: December 2023

Daily Pivots: (S1) 1.0768; (P) 1.0808; (R1) 1.0838; More… Intraday bias in EUR/USD remains on the downside at this point. Current fall from 1.1016 short term top is in progress. Sustained break of 55 D Read more…

Daily Pivots: (S1) 1.2565; (P) 1.2608; (R1) 1.2640; More… GBP/USD’s breach of 1.2590 minor support suggests short term topping at 1.2731, on bearish divergence condition in 4H MACD. Intraday bias is mildly on the downside Read more…

Daily Pivots: (S1) 0.8721; (P) 0.8743; (R1) 0.8773; More…. Range trading continues in USD/CHF and intraday bias remains neutral for the moment. Another fall is in favor as long as 0.8769 minor resistance holds. Below Read more…

Daily Pivots: (S1) 146.68; (P) 147.03; (R1) 147.51; More… USD/JPY is still bounded in consolidation from 146.22 and intraday bias stays neutral for the moment. Further decline is expected as long as 148.50 resistance holds, Read more…

Daily Pivots: (S1) 1.3551; (P) 1.3574; (R1) 1.3615; More… No change in USD/CAD’s outlook and intraday bias stays neutral at this point. Below 1.3479 will resume the corrective fall from 1.3897. But downside should be Read more…

Global market sentiment shows signs of stabilization in Asia today, marked by gains in major indices like Nikkei Hong Kong’s HSI. This shift indicates that the markets have largely absorbed the impact of Moody’s downgrade Read more…

Cycle from 9.28.2023 high in Oil (CL) is in progress as a 5 waves impulse Elliott Wave structure. Down from 9.28.2023 high, wave 1 ended at 81.50 and rally in wave 2 ended at 90.78. Read more…