NZDUSD stages a steady recovery from 2023 lows But momentum indicators warn of overbought risks Is there a pullback in sight? NZDUSD has been in a steep uptrend since its 2023 low of 0.5772, generating consecutive higher Read more…
EURUSD edges higher again today, makes higher high It tests the resistance set by a key area, north of 1.1032 Momentum indicators support the current bullish move EURUSD is trying to record its fourth consecutive Read more…
EUR/USD gained bullish momentum above the 1.0985 resistance. USD/JPY is declining and showing bearish signs below the 142.85 level. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro remained in a bullish zone and Read more…
The barrel of American crude finally cleared the $74/75pb resistance range on the mounting geopolitical tensions in the Red Sea and traded at $76pb on Tuesday. Yet the bullish market reaction looks relatively week given Read more…
Daily Pivots: (S1) 180.56; (P) 180.93; (R1) 181.54; More… Range trading continues in GBP/JPY and intraday bias remains neutral for the moment. Further decline is expected as long as 184.15 resistance holds. On the downside, Read more…
Daily Pivots: (S1) 156.71; (P) 157.04; (R1) 157.54; More.. Intraday bias in EUR/JPY stays neutral for the moment and outlook is unchanged. On the upside, above 158.55 will resume the rebound from 153.15 through 55 Read more…
Daily Pivots: (S1) 0.8668; (P) 0.8677; (R1) 0.8687; More… Intraday bias in EUR/GBP stays on the upside despite some loss of upside momentum. Current rebound from 0.8548 would target 0.8764 key resistance next. EUR/GBP’s rebound Read more…
Daily Pivots: (S1) 1.6153; (P) 1.6184; (R1) 1.6210; More… Intraday bias in EUR/AUD is back on the downside with breach of 1.6148 temporary low. Current fall from 1.6844 should target 100% projection of 1.7062 to Read more…
Daily Pivots: (S1) 0.9412; (P) 0.9430; (R1) 0.9444; More… EUR/CHF recovered after dipping to 0.9395 and intraday bias stays neutral first. Still, with 0.9543 resistance intact, deeper decline is expected. On the downside, firm break Read more…
Daily Pivots: (S1) 1.1020; (P) 1.1032; (R1) 1.1056; More… Intraday bias in EUR/USD remains on the upside at this point. Current rise from 1.0447 should target a retest on 1.1274 high. Strong resistance should be Read more…