Daily Pivots: (S1) 1.3593; (P) 1.3644; (R1) 1.3730; More… Intraday bias in USD/CAD is turned neutral first with current recovery and some consolidations would be seen above 1.3538 temporary low. Further decline is expected as Read more…
Daily Pivots: (S1) 0.6447; (P) 0.6495; (R1) 0.6525; More… AUD/USD retreated once again after edging higher to 0.6551. Intraday bias is turned neutral. On the downside, break of 0.6455 support will turn bias back to Read more…
The USD/JPY pair stabilised at 145.11 following three consecutive days of gains. The Japanese yen had previously faced downward pressure due to a combination of factors, including weak macroeconomic data. Japan’s exports declined for the Read more…
The British pound has stabilized on Wednesday. In the European session, GBP/USD is trading at 1.3551, up 0.28% on the day. The US dollar showed broad strength on Tuesday and GBP/USD declined 1.05% and fell Read more…
EUR/USD declined from the 1.1640 resistance and traded below 1.1550. USD/JPY is rising and might gain pace above the 145.50 resistance. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline Read more…
Daily Pivots: (S1) 1.1443; (P) 1.1512; (R1) 1.1548; More… Intraday bias in EUR/USD remains neutral at this point. With 1.1372 support intact, further rally is expected. Break of 1.1572 will extend the rise from 1.0176. Read more…
Daily Pivots: (S1) 0.8133; (P) 0.8153; (R1) 0.8184; More…. Intraday bias in USD/CHF remains neutral at this point. On the upside, break of 0.8247 resistance will argue that corrective pattern from 0.8038 is starting the Read more…
Daily Pivots: (S1) 144.67; (P) 145.02; (R1) 145.65; More… While USD/JPY’s rebound from 142.79 extended higher, upside is capped by 145.46 resistance. Intraday bias stays neutral for the moment. On the downside, break of 142.10 Read more…
Markets Stronger than expected US retail sales in the control group briefly interrupted an outperformance of US Treasuries yesterday. Spending in these selected goods categories feeds into the government’s GDP calculation and rose by 0.4% Read more…
Daily Pivots: (S1) 1.3364; (P) 1.3480; (R1) 1.3545; More… GBP/USD’s steep decline confirms short term topping at 1.3631, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for correction to Read more…