USDJPY resumes uptrend, unlocks 3½-month high Short-term bias is positive; July’s barrier could pose a test USDJPY broke into the 155.00 territory for the first time since July, reigniting optimism that the upleg which started Read more…
Cable is holding within a narrow consolidation in early Wednesday’s trading as bears started to run out of steam after steep fall (down 1.85%) in past three days. Tuesday’s break and close well below pivotal Read more…
The USD/JPY currency pair has climbed to a three-month high of 154.87, driven by the strengthening US dollar following Donald Trump’s election victory. Markets anticipate that Trump’s protectionist policies, which are expected to bolster the Read more…
Looking at recent moves in major currency pairs, it’s clear that market participants have come to terms with Donald Trump’s victory in the U.S. presidential election and are starting to prepare for changes to the Read more…
Short Term Elliott Wave View in DAX suggests rally to 19670 ended wave ((3)). Wave ((4)) pullback is currently in progress as a double three Elliott Wave structure. Down from wave ((3)), wave (i) ended Read more…
Daily Pivots: (S1) 196.64; (P) 197.36; (R1) 197.82; More… GBP/JPY continues to trade sideway and intraday bias remains neutral. Further rally is expected as long as 55 D EMA (now at 195.05) holds. Above 199.79 Read more…
Daily Pivots: (S1) 163.56; (P) 163.95; (R1) 164.64; More…. EUR/JPY turned sideway after drawing support from 55 D EMA (now at 163.34), and intraday bias is turned neutral first. On the downside, sustained trading below Read more…
Daily Pivots: (S1) 0.8294; (P) 0.8315; (R1) 0.8354; More… Intraday bias in EUR/GBP is turned neutral again with break of 0.8324 minor resistance. Some consolidations could be seen but further decline is expected as long Read more…
Daily Pivots: (S1) 1.6211; (P) 1.6245; (R1) 1.6293; More… Intraday bias in EUR/AUD remains neutral, and risk will stay mildly on the downside as long as 1.6598 holds, in case of stronger rebound. On the Read more…
Daily Pivots: (S1) 0.9346; (P) 0.9368; (R1) 0.9389; More…. No change in EUR/CHF’s outlook as range trading continues inside converging triangle. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there Read more…