Daily Pivots: (S1) 1.6001; (P) 1.6046; (R1) 1.6089; More… Intraday bias in EUR/AUD Remains neutral for the moment. Strong rebound from 1.5996 support, followed by 1.6184 minor resistance, will indicate short term bottoming. Intraday bias Read more…
Daily Pivots: (S1) 0.9352; (P) 0.9377; (R1) 0.9413; More…. No change in EUR/CHF’s outlook and intraday bias stays neutral. On the downside, break of 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. Read more…
Short Term Elliott Wave View in EURUSD suggests that cycle from 4.16.2024 low is in progress as a 5 waves impulsive Elliott Wave structure. Rally to 1.12 ended wave (3) of the impulse. Pullback in Read more…
Daily Pivots: (S1) 1.3480; (P) 1.3495; (R1) 1.3517; More… Intraday bias in USD/CAD remains neutral first. On the upside, above 1.3538 will resume the rebound from 1.3418 to 1.3646 resistance. ON the downside, firm break Read more…
Daily Pivots: (S1) 0.6869; (P) 0.6892; (R1) 0.6909; More… Intraday bias in AUD/USD remains neutral for consolidation below 0.6941. Further rally is expected as long as 0.6823 resistance turned support holds. Above 0.6941 will resume Read more…
Daily Pivots: (S1) 1.1024; (P) 1.1054; (R1) 1.1074; More…. Intraday bias in EUR/USD remains neutral and further rally is still expected 1.1001 cluster support holds (38.2% retracement of 1.0665 to 1.1213 at 1.1004). Break of Read more…
Daily Pivots: (S1) 1.3239; (P) 1.3273; (R1) 1.3300; More… GBP/USD’s break of 1.3265 resistance turned support suggests short term topping at 1.3433, on bearish divergence condition in 4H MACD. Intraday bias is back on the Read more…
Daily Pivots: (S1) 0.8459; (P) 0.8483; (R1) 0.8523; More… No change in USD/CHF’s outlook as sideway trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive Read more…
Daily Pivots: (S1) 144.41; (P) 145.47; (R1) 147.51; More… USD/JPY’s rebound from 139.57 short term bottom resumed by breaking through 146.47 resistance. Intraday bias is back on the upside for 38.2% retracement of 161.94 to Read more…
Dollar is gaining some traction, emerging as the strongest currency of the week so far. Several factors are underpinning this momentum. First, Fed Chair Jerome Powell has reaffirmed the expectation of two additional rate cuts Read more…