The GBPUSD is trading in higher high sequence from 9.22.2022 low in weekly. The bounce is corrective Elliott Wave sequence & expect further upside. It favors pullback in proposed 7 swings from 7.01.2025 high & Read more…
Markets Yesterday’s first batch of US economic data wasn’t exactly groundbreaking. JOLTS job openings in June came in close to expectations with 7.43mln, easing from the 7.71mln in May while the July Conference Board’s consumer Read more…
Daily Pivots: (S1) 1.1510; (P) 1.1554; (R1) 1.1590; More… Focus stays on 55 D EMA (now at 1.1536). Sustained break there will argue that fall from 1.1829 is already correcting the whole rise from 1.0176. Read more…
Daily Pivots: (S1) 148.15; (P) 148.48; (R1) 148.80; More… Intraday bias in USD/JPY is turned neutral as it retreated ahead of 149.17 resistance. On the upside, firm break of 149.17 will resume the whole rise Read more…
Daily Pivots: (S1) 1.3316; (P) 1.3342; (R1) 1.3376; More… Intraday bias in GBP/USD is turned neutral with 4H MACD crossed above signal line. Some consolidations would be seen but risk will stay on the downside Read more…
Daily Pivots: (S1) 0.8022; (P) 0.8050; (R1) 0.8090; More…. USD/CHF’s corrective bounce from 0.7871 might extend higher. But upside should be limited by 55 D EMA (now at 0.8105). On the downside, below 0.8023 minor Read more…
Daily Pivots: (S1) 0.6494; (P) 0.6512; (R1) 0.6528; More… Intraday bias in AUD/USD remains neutral for the moment. Rally from 0.5913 might still extend through 0.6624. However, considering bearish divergence condition in D MACD, upside Read more…
Daily Pivots: (S1) 1.3738; (P) 1.3763; (R1) 1.3797; More… USD/CAD’s break of 1.3773 resistance and 55 D EMA suggests that price actions from 1.3538 are already correcting the whole fall from 1.4791. Intraday bias is Read more…
Daily Pivots: (S1) 0.9287; (P) 0.9306; (R1) 0.9325; More…. EUR/CHF is still bounded in sideway trading and intraday bias stays neutral. On the upside, break of 0.9365 will be the first sign that corrective pattern Read more…
Daily Pivots: (S1) 197.79; (P) 198.17; (R1) 198.59; More… The extended pullback from 199.96 suggests that a short term top is likely in place. On the downside, firm break of 197.41 will turn bias to Read more…