Daily Pivots: (S1) 1.2666; (P) 1.2685; (R1) 1.2704; More… Intraday bias remains neutral for the moment, and further decline is expected in GBP/USD as long as 1.2739 resistance holds. Break of 1.2622, and sustained trading Read more…
Daily Pivots: (S1) 0.8923; (P) 0.8938; (R1) 0.8964; More…. Intraday bias in USD/CHF remains neutral for the moment. While recovery from 0.8825 might still extend, near term outlook will stay bearish with 0.8992 resistance intact. Read more…
Daily Pivots: (S1) 159.33; (P) 159.55; (R1) 159.90; More… Outlook in USD/JPY remains unchanged and intraday bias stays neutral first. Further rise will remain in favor as long as 157.70 resistance turned support holds. Sustained Read more…
GBPUSD rebounds from a 1-month low But the price trades flat in past couple of sessions Momentum indicators improve but remain neutral GBPUSD came under some selling pressure following its recent three-month peak of 1.2859, breaking below the short-term ascending trendline Read more…
EURGBP fails to recoup the negative gap RSI ticks down but MACD stands above its trigger line EURGBP is heading south after the pullback off the 20-day simple moving average (SMA) around 0.8465. The pair Read more…
Australian dollar rose 0.6% in early Wednesday, lifted by higher than expected inflation (May 4.0% vs 3.6% in April and 3.8% f/c), which hit the highest in six months. Fresh rise in consumer prices adds Read more…
The Australian dollar is still sideways against the US dollar, trapped in a range for more than a month. However, the price is now moving towards the upper side of thE pattern, suggesting a greater Read more…