GBPUSD rebounds from its 50-day SMA The price jumps to its highest since June 12 Momentum indicators are tilted to the upside GBPUSD has been slowly gaining ground following its bounce off the 50-day simple moving average Read more…
EURJPY struggles to jump above its recent high Momentum oscillators look overstretched EURJPY skyrocketed to a fresh multi-year high of 174.60 in the previous week but is currently hovering slightly below this level, with the technical Read more…
Daily Pivots: (S1) 205.28; (P) 205.98; (R1) 206.66; More… Intraday bias in GBP/JPY is turned neutral with loss of momentum as seen in 4H MACD. On the upside, sustained break of 100% projection of 191.34 Read more…
Daily Pivots: (S1) 173.54; (P) 174.08; (R1) 174.65; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, firm break of 174.50 will resume the larger up trend and target 138.2% projection Read more…
Daily Pivots: (S1) 0.8441; (P) 0.8450; (R1) 0.8462; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, sustained trading above 55 D EMA (now at 0.8501) will extend the rise from Read more…
Daily Pivots: (S1) 1.6032; (P) 1.6061; (R1) 1.6096; More… EUR/AUD is still bounded in consolidation from 1.5996 an intraday bias remains neutral. Outlook will remain bearish as long as 1.6211 support turned resistance holds. On Read more…
Daily Pivots: (S1) 0.9689; (P) 0.9705; (R1) 0.9732; More…. Intraday bias in EUR/CHF remains neutral for the moment, and some more consolidations could be seen below 0.9754 temporary top. Further rally is expected with 0.9639 Read more…
Markets A surprise but inconclusive outcome of the French parliamentary election after some initial jitters also resulted in an inconclusive market (European) reaction yesterday. As the left group Nouveau Front Populair gained most seats in Read more…
Short Term Elliott Wave View in S&P 500 (SPX) suggests that cycle from 4.20.2024 low is in progress as a 5 waves impulse. Up from 4.20.2024 low, wave 1 ended at 5325.49 and pullback in Read more…
Daily Pivots: (S1) 0.6726; (P) 0.6744; (R1) 0.6755; More… A temporary top is formed at 0.6760 in AUD/USD and intraday bias is turned neutral first. Outlook will stay bullish as long as 0.6619 support holds. Read more…