Daily Pivots: (S1) 190.80; (P) 194.20; (R1) 196.23; More… Intraday bias in GBP/JPY remains on the downside for the moment. Current fall from 208.09 is in progress for 185.49 fibonacci level. On the upside, above Read more…
Daily Pivots: (S1) 160.76; (P) 163.65; (R1) 165.29; More… Intraday bias in EUR/JPY remains on the downside for the moment. Current fall from 175.41 should target 155.91 fibonacci level next. On the upside, above 163.41 Read more…
Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More…. Immediate focus is now on 0.8498 resistance in EUR/GBP as rebound from 0.8382 accelerates higher. Decisive break there will indicate that fall from 0.8643 has completed Read more…
Daily Pivots: (S1) 1.6482; (P) 1.6592; (R1) 1.6659; More… Intraday bias in EUR/AUD is turned neutral first with current retreat. Some more consolidations would be seen below 1.6698 first. But another rise would remain in Read more…
Daily Pivots: (S1) 0.9480; (P) 0.9522; (R1) 0.9549; More…. Intraday bias in EUR/CHF remains on the downside for the moment. Current fall form 0.9928 should target 100% projection of 0.9928 to 0.94767 from 0.9772 at Read more…
USDCHF’s retreat continues with a new 6-month low recorded Downtrend from early May high is in place Momentum indicators acknowledge the bearish pressure USDCHF is trading sideways today, a tad above the 0.8699 level and Read more…
Short Term Elliott Wave in Nikkei (NKD) suggests the Index shows short term incomplete bearish sequence from 7.10.2024 high favoring further downside. Decline from 7.10.2024 is in progress as a double three Elliott Wave structure. Read more…
Markets And the summer slide continues. Core bond yields yesterday dropped another 2.7-10.8 bps in the US & 4.9-7.8 bps in Germany. The front outperformed after a series of US economic data disappointed across the Read more…
Swiss CPI fell -0.2% mom in July, matched expectations. Core CPI (excluding fresh and seasonal products, energy and fuel) fell -0.3% mom. Domestic product prices rose 0.2% mom. Imported products prices fell -1.3% mom. For Read more…
Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. Further decline is expected in EUR/USD as long as 1.0869 resistance holds. Current development suggests that rebound from 1.0601 has completed with three waves up to Read more…