Daily Pivots: (S1) 0.8470; (P) 0.8491; (R1) 0.8520; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8399. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will target 61.8% Read more…
Daily Pivots: (S1) 145.13; (P) 145.69; (R1) 146.72; More… Intraday bias in USD/JPY remains neutral for the moment. On the upside, firm break of 146.47 resistance will argue that pull back from 149.35 has completed, Read more…
Daily Pivots: (S1) 1.3470; (P) 1.3490; (R1) 1.3514; More… Intraday bias in USD/CAD remains neutral for consolidations above 1.3439. Further decline is expected as long as 1.3617 resistance holds. Break of 1.3439 and sustained trading Read more…
Daily Pivots: (S1) 0.6739; (P) 0.6778; (R1) 0.6803; More… AUD/USD is extending the consolidation pattern from 0.6823 and intraday bias remains neutral. On the upside, break of 0.6823 will target 0.6870 resistance. Firm break there Read more…
In a typical Monday’s Asian trading session, the forex markets remained relatively subdued, with only modest movements observed. A mild sense of risk aversion was noted in the stock markets of Hong Kong and China, Read more…
Key Highlights EUR/USD started a downside correction from the 1.1200 zone. It traded below a key bullish trend line with support at 1.1125 on the 4-hour chart. GBP/USD is consolidating near the 1.3120 level and Read more…
China’s Caixin PMI Manufacturing rose slightly in August, reaching 50.4 from July’s 49.8, signaling a modest return to expansion. The improvement reflects faster output growth and stabilization in employment after an 11-month decline. Meanwhile, average Read more…
Japan’s Manufacturing PMI for August was finalized at 49.8, showing a slight improvement from July’s 49.1, but still indicating a marginal contraction. S&P Global noted that the sector is moving closer to stabilization, with a Read more…
EURGBP reversed from strong support level 0.8400 Likely to rise to resistance level 0.8440 EURGBP currency pair today reversed up from the strong support level 0.8400 (which has been steadily reversing the price from the Read more…
CADJPY reversed from key support level 105.00 Likely to rise to resistance level 110.00 CADJPY currency pair recently reversed up with the weekly Hammer from the key support level 105.00 (which has been reversing the Read more…