DXY: The DXY (Dollar Index) chart exhibits bullish momentum, hinting at a potential bullish rebound around the pivot level and subsequent movement towards the 1st resistance. The pivot at 102.86 serves as significant overlap support, Read more…
Daily Pivots: (S1) 1.3465; (P) 1.3488; (R1) 1.3505; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the downside, break of 1.3419 and sustained trading below 1.3439 support will argue that rebound Read more…
Daily Pivots: (S1) 0.6598; (P) 0.6613; (R1) 0.6629; More… Intraday bias in AUD/USD remains neutral as consolidation continues below 0.6666 temporary top. Another rise will be mildly in favor as long as 55 4H EMA Read more…
Daily Pivots: (S1) 1.0911; (P) 1.0929; (R1) 1.0944; More… Intraday bias in EUR/USD remains neutral as consolidations continue below 1.0980 temporary top. Further rise would remain in favor as long as 1.0797 support holds. Fall Read more…
Daily Pivots: (S1) 1.2784; (P) 1.2825; (R1) 1.2855; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.2892 temporary top. Further rally will remain in favor as long as 55 4H EMA (now Read more…
Daily Pivots: (S1) 0.8754; (P) 0.8775; (R1) 0.8794; More…. No change in USD/CHF’s outlook as range trading continues. Intraday bias stays neutral for the moment. On the downside, sustained break of 0.8741 will argue that Read more…
Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… A temporary low is formed at 146.47 with today’s recovery and intraday bias in USD/JPY is turned neutral first. On the downside, sustained break of 38.2% Read more…
Yen weakened broadly in Asian session today, reversing some of its robust since the previous week. This shift in momentum comes amid tempered expectations for an imminent BoJ rate hike at next week’s meeting. Japanese Read more…
In a parliamentary address today, BoJ Governor Kazuo Ueda noted that Japan’s economy is “still recovering gradually”, despite acknowledging some recent “signs of weakness”. Ueda highlighted a concerning trend of weakening consumption in food and Read more…
Key Highlights EUR/USD started a decent increase above the 1.0880 resistance. A key bullish trend line is forming with support at 1.0910 on the 4-hour chart. Gold prices rallied above the $2,180 resistance zone. The Read more…