In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the CADJPY. The rally from the 07 December 2023 low showed a higher high sequence & provided Read more…
NZUSD continues to hover around a crucial support area Market participants appears to be in waiting mode ahead of key market events Momentum indicators remain mixed; all eyes on the stochastic oscillator NZDUSD is in Read more…
Daily Pivots: (S1) 186.77; (P) 187.21; (R1) 187.91; More… Intraday bias in GBP/JPY stays neutral at this point, and consolidation from 188.90 could extend. Further rally is expected as long as 186.14 support holds. Break Read more…
Daily Pivots: (S1) 159.42; (P) 159.88; (R1) 160.54; More… Intraday bias in EUR/JPY stays neutral at this point, and outlook is unchanged. While deeper retreat cannot be ruled out, further rally is expected as long Read more…
Daily Pivots: (S1) 0.8515; (P) 0.8542; (R1) 0.8566; More… EUR/GBP failed to break through 0.8563 minor resistance decisively, and intraday bias remains neutral. On the upside, firm break of 0.8563 will suggest short term bottoming, Read more…
Daily Pivots: (S1) 1.6359; (P) 1.6418; (R1) 1.6486; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, break of 1.6512 minor resistance will argue that pull back from 1.6671 has completed, Read more…
Daily Pivots: (S1) 0.9319; (P) 0.9343; (R1) 0.9370; More… Intraday bias in EUR/CHF is turned neutral first with current recovery. While fall from 0.9471 could extend lower, strong support is still expected above 0.9252 low Read more…
China and Hong Kong benchmark stock indices have almost erased last week’s gains. NBS Non-Manufacturing PMI sub-components for January are indicating feeble service activities in China. A weaker US dollar via a dovish forward monetary Read more…
Short Term Elliott Wave view in USDCAD suggests that rally to 1.354 ended wave (B). Pair has since turned lower in wave (C). However, confirmation is needed to validate this view and pair still needs Read more…
Markets The EU economy avoided a recession in 2023H2 (0.0% q/q growth in Q4) thanks to southern Europe while inflation readings from Spain (and Belgium) showed price pressures reaccelerating. The latter pushed euro area yields Read more…