Kiel Institute for the World Economy significantly downgraded its growth expectations for German economy, projecting a mere 0.1% increase in 2024, a sharp downward revision from its previous forecast of 0.9%. Slight improvement is anticipated Read more…
EUR/USD started a fresh increase above the 1.0828 resistance. USD/CHF declined and now struggling below the 0.8860 resistance. Important Takeaways for EUR/USD and USD/CHF Analysis Today The Euro rallied after it broke the 1.0828 resistance Read more…
NZDUSD gets rejected after claiming 50-day SMA But the decline meets strong support at 200-day SMA Oscillators remain in their negative territories NZDUSD had been in a downtrend since its rejection at 0.6373, which is the Read more…
Daily Pivots: (S1) 190.29; (P) 190.69; (R1) 191.06; More….. Intraday bias in GBP/JPY remains neutral and range trading continues. Corrective pattern from 191.29 could still extend. Break of 188.02 minor support will bring deeper fall Read more…
Daily Pivots: (S1) 162.54; (P) 162.99; (R1) 163.38; More… EUR/JPY dips notably today as range trading from 163.70 extends. Intraday bias stays neutral first. On the downside, break of 161.67 minor support will bring deeper Read more…
Daily Pivots: (S1) 0.8534; (P) 0.8547; (R1) 0.8559; More… Range trading continues in EUR/GBP and intraday bias remains neutral first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA Read more…
Daily Pivots: (S1) 1.6658; (P) 1.6702; (R1) 1.6735; More… Further rally is still expected in EUR/AUD with 1.6578 support intact, despite current retreat. Rise from 1.6127 should target 61.8% projection of 1.6127 to 1.6671 from Read more…
Daily Pivots: (S1) 0.9578; (P) 0.9598; (R1) 0.9611; More… EUR/CHF is losing some upside momentum but intraday bias stays on the upside for now. Current rise from 0.9252 should target 161.8% projection of 0.9252 to Read more…
EURUSD remains above downtrend line RSI and MACD look weak EURUSD has been developing within a narrow range of the 20- and the 50-day simple moving averages (SMAs) of 1.0805 to 1.0860 respectively. The pair Read more…
Daily Pivots: (S1) 1.3564; (P) 1.3584; (R1) 1.3613; More… Intraday bias in USD/CAD remains neutral as consolidation continues below 1.3605. Further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume Read more…