Daily Pivots: (S1) 171.61; (P) 172.08; (R1) 172.61; More… Intraday bias in EUR/JPY is turned neutral with current recovery. Corrective fall from 175.41 could still extend lower. But downside should be contained by 170.87 and Read more…
Daily Pivots: (S1) 0.8389; (P) 0.8401; (R1) 0.8412; More…. Intraday bias in EUR/GBP is turned neutral with current recovery. Some consolidations would be seen first but outlook will stay bearish as long as 0.8498 resistance Read more…
Daily Pivots: (S1) 1.6071; (P) 1.6102; (R1) 1.6148; More… EUR/AUD rebounded strongly as consolidation from 1.5996 extends. But outlook is unchanged with 1.6211 support turned resistance intact. Intraday bias stays neutral and further decline is Read more…
Daily Pivots: (S1) 0.9737; (P) 0.9756; (R1) 0.9777; More…. EUR/CHF’s rise from 0.9476 is in progress and further rally is expected with 0.9677 support holds, to retest 0.9928 high. On the downside, however, break of Read more…
There are a few stories developing at the same time: The Trump trade consists of going long Bitcoin and equities (especially gunmakers, oil producers) and short the long term treasuries on expectation of exploding US Read more…
Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Intraday bias in USD/CAD remains on the upside for 1.3790 resistance. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% Read more…
Daily Pivots: (S1) 0.6746; (P) 0.6767; (R1) 0.6782; More… Intraday bias in AUD/USD remains neutral and more consolidations could be seen below 0.6798. Further rally is expected as long as 0.6723 minor support holds. On Read more…
Daily Pivots: (S1) 1.0877; (P) 1.0900; (R1) 1.0916; More…. EUR/USD breached 1.0915 briefly but retreated since then. With 4H MACD crossed below signal line, intraday is turned neutral first. Some consolidations would be seen but Read more…
Daily Pivots: (S1) 157.32; (P) 157.88; (R1) 158.57; More… USD/JPY quickly recovered after dipping to 157.16. With 4H MACD crossed above signal line, intraday bias is turned neutral first. On the downside, break of 157.16 Read more…
Yen weakened broadly during Asian session today, giving back some of last week’s strong gains that were reportedly driven by Japan’s market intervention. Japan’s Chief Cabinet Secretary Yoshimasa Hayashi repeated in a press conference that Read more…