USDCHF gets rejected near familiar resistance Short-term bias remains positive but probably too weak USDCHF has been in the green almost every week since the plunge to a nine-year low of 0.8331 at the end of December, but Read more…
Market picture The crypto market has corrected 0.46% in the last 24 hours, fluctuating within a narrow range without a clear direction. Bitcoin is down 1% but up 3.7% over seven days, Ethereum is flat Read more…
US Yields have topped back in October 2023 with sharp leg down, which is from Elliott wave perspective first leg A of a deeper A-B-C decline that can send the price back to the former Read more…
EURJPY posts new 3-month high Momentum indicators are gaining ground Positive structure remains intact above short- and long-term diagonal lines EURJPY is skyrocketing above the 162.00 round number, recording a fresh three-month high. The market Read more…
Daily Pivots: (S1) 188.88; (P) 189.17; (R1) 189.44; More… GBP/JPY is still extending range trading below 190.05 and intraday bias remains neutral. Further rally is expected with 187.83 minor support intact. Break of 190.05 will Read more…
Daily Pivots: (S1) 161.54; (P) 161.77; (R1) 162.05; More… EUR/JPY’s rally is in progress even though upside momentum is not too convincing. Intraday bias stays on the upside. Rise from 153.15 should target a retest Read more…
Daily Pivots: (S1) 0.8543; (P) 0.8552; (R1) 0.8565; More… No change in EUR/GBP and intraday bias remains neutral for the moment. On the downside, break of 0.8497 will resume recent fall to 0.8464 projection level. Read more…
Daily Pivots: (S1) 1.6458; (P) 1.6484; (R1) 1.6509; More… Outlook in EUR/AUD is unchanged as range trading continues. Intraday bias stays neutral for the moment. On the upside, decisive break of 1.6671 will revive the Read more…
Daily Pivots: (S1) 0.9494; (P) 0.9504; (R1) 0.9522; More… EUR/CHF’s rise from 0.9252 is trying to resume by breaching 0.9510 and intraday bias is back on the upside. Further rally should be seen to 0.9574 Read more…
In focus today This morning we will get the National Accounts for Q4 2023 in Denmark. We expect the numbers to show a sharp rebound in GDP growth to 1.0% q/q in Q4 after the Read more…