Daily Pivots: (S1) 1.0860; (P) 1.0887; (R1) 1.0905; More… EUR/USD’s rebound from 1.0760 short term bottoming might still extend higher. But strong resistance should be seen from 55 D EMA (now at 1.0937) to limit Read more…
Daily Pivots: (S1) 151.59; (P) 152.08; (R1) 152.62; More… Intraday bias in USD/JPY remains neutral as range trading continues. Another rise is expected with 151.44 support intact. Sustained trading above of 61.8% retracement of 161.94 Read more…
Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Intraday bias in GBP/USD remains neutral as range trading continues above 1.2842. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume Read more…
Daily Pivots: (S1) 0.8610; (P) 0.8646; (R1) 0.8676; More… Intraday bias in USD/CHF remains mildly on the downside for the moment. Fall from 0.8710 short term top would target 55 D EMA (now at 0.8614). Read more…
Daily Pivots: (S1) 1.3876; (P) 1.3902; (R1) 1.3929; More… Intraday bias in USD/CAD stays neutral for the moment. Considering bearish divergence condition in 4H MACD, firm break of 1.3890 minor support will indicate short term Read more…
In focus this week Today, the US election takes place and is the major highlight of the week. Over the weekend, Harris’ odds in prediction markets have risen sharply, but swing state polls continue to Read more…
Daily Pivots: (S1) 0.6571; (P) 0.6595; (R1) 0.6611; More… AUD/USD is staying in consolidation above 0.6536 and intraday bias remains neutral. Stronger recovery might be seen, but outlook stays bearish as long as 55 D Read more…
Australian Dollar remained stable after RBA decided to keep the cash rate unchanged at 4.35% as widely expected. In the post-meeting press conference, Governor Michelle Bullock acknowledged that there has been “good progress” in reducing Read more…
Short Term Elliott Wave View on Dollar Index (DXY) suggests that rally to 104.63 ended wave ((4)). This completed cycle from 9.27.2024 low and the Index should either resume lower in wave ((5)) or pullback Read more…
RBA maintained its cash rate at 4.35% today, as expected, while underscoring that inflation risks remain a concern. In its statement, RBA noted that although headline inflation has declined and is projected to stay lower Read more…