Daily Pivots: (S1) 0.8539; (P) 0.8551; (R1) 0.8565; More… EUR/GBP’s decline is still in progress despite loss of downside momentum. Intraday bias stays on the downside. Current fall from 0.8713 is part of the larger Read more…
Daily Pivots: (S1) 0.9372; (P) 0.9410; (R1) 0.9430; More… EUR/CHF’s break of 0.9404 minor support suggests rejection by 55 D EMA (now at 0.9447). Intraday bias is back on the downside for deeper pull back. Read more…
EURUSD rebounds off 200-day SMA But, remains beneath the rising trend line Technical signals are mixed EURUSD finds strong support at the 200-day simple moving average (SMA), which overlaps with the 1.0845 barrier. The pair Read more…
Short-term positive animal spirits have resurfaced in China and Hong Kong stock markets stoked by additional liquidity injection from PBoC and the creation of a “stabilization fund”. Long-term prospects are still dim as a liquidity Read more…
Daily Pivots: (S1) 1.0843; (P) 1.0888; (R1) 1.0929; More… Intraday bias in EUR/USD stays neutral first, as it quickly retreated after brief breach of 1.0915 minor resistance. On the downside, break of 1.0821 will resume Read more…
Daily Pivots: (S1) 1.2676; (P) 1.2726; (R1) 1.2774; More… Intraday bias in GBP/USD stays neutral first as consolidation from 1.2826 is still extending. Deeper pull back cannot be ruled out. But downside should be contained Read more…
Daily Pivots: (S1) 0.8587; (P) 0.8648; (R1) 0.8690; More…. Intraday bias in USD/CHF remains mildly on the downside for 0.8487 minor support. Break there will argue that rebound from 0.8332 has completed at 0.8727, after Read more…
Daily Pivots: (S1) 146.63; (P) 147.54; (R1) 148.44; More… Intraday bias in USD/JPY remains neutral as consolidation from 148.79 is extending. As long as 145.97 support holds, further rally is in favor. Corrective fall from Read more…
Daily Pivots: (S1) 0.6554; (P) 0.6588; (R1) 0.6610; More… AUD/USD is still bounded in consolidation from 0.6524 and intraday bias stays neutral at this point. With 0.6639 support turned resistance intact, further decline is expected. Read more…
Short Term view on Dow Futures suggests rally from 10.27.2023 low ended at 38113 as wave (3). Pullback in wave (4) unfolded as a double three Elliott Wave structure. Down from wave (3), wave W Read more…