Daily Pivots: (S1) 156.73; (P) 157.66; (R1) 159.25; More… EUR/JPY’s break of 158.55 resistance suggests that rebound from 153.15 is resuming. Intraday bias is back on the upside. Further rally should be seen to 100% Read more…
Daily Pivots: (S1) 0.8615; (P) 0.8627; (R1) 0.8644; More… Intraday bias in EUR/GBP stays mildly on the downside for the moment. Rebound from 0.8548 should have completed, and deeper fall should be seen to retest Read more…
Daily Pivots: (S1) 1.6215; (P) 1.6280; (R1) 1.6385; More.. EUR/AUD’s breach of 1.6313 resistance suggests short term bottoming at 1.6127, on bullish convergence condition in 4H MACD, just ahead of 100% projection of 1.7062 to Read more…
Daily Pivots: (S1) 0.9274; (P) 0.9303; (R1) 0.9334; More… EUR/USD is staying in consolidation from 0.9252 and intraday bias remains neutral. While another recovery cannot be ruled out, outlook will stay bearish as long as Read more…
In focus today The first week of January will be concluded with the December Jobs Report at 14:30 CET, and ISM services index at 16:00 CET. Recent data (Claims/ADP/JOLTs) has generally supported the narrative of Read more…
Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… USD/JPY’s break of 144.94 resistance argues that fall from 151.89 has completed. Intraday bias stays on the upside at this point. Rebound from 140.25 would target Read more…
Daily Pivots: (S1) 0.8477; (P) 0.8503; (R1) 0.8528; More…. No change in USD/CHF’s outlook as price actions from 0.8332 are still seen as a corrective pattern only. Intraday bias stays neutral and outlook remains bearish Read more…
Daily Pivots: (S1) 1.2650; (P) 1.2690; (R1) 1.2723; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 Read more…
Talking Points Weekly Chart Technical Analysis Short Term formation before Non-Farm Payroll Weekly Chart Price was trading within an uptrend that began mid-year 2020 and may still be in place, however, the trend acceleration pace Read more…
DXY: The DXY (US Dollar Index) chart currently has a bearish overall momentum, indicating weakness in the US Dollar. Price could potentially continue its bearish movement towards the 1st support level. The 1st support at Read more…