The major dollar pairs, particularly USD/JPY and USD/CAD, remain under moderate pressure as market participants react to a softer US inflation backdrop and heightened expectations of a Federal Reserve rate cut at the upcoming meeting. Read more…
Daily Pivots: (S1) 199.59; (P) 199.94; (R1) 200.47; More… A temporary top is formed at 200.26 and intraday bias in GBP/JPY is turned neutral for consolidations. Near term outlook will stay bullish as long as Read more…
Daily Pivots: (S1) 0.8607; (P) 0.8631; (R1) 0.8643; More… Immediate focus is now on 38.2% retracement of 0.8354 to 0.8752 at 0.8600 as fall from 0.8742 accelerates. Sustained break there indicate near term bearish reversal Read more…
Daily Pivots: (S1) 172.16; (P) 172.59; (R1) 172.94; More… EUR/JPY’s steep decline and strong break of 171.53 support suggests that rebound from 169.69 has completed. Corrective pattern from 173.87 is extending with fall from 172.99 Read more…
Daily Pivots: (S1) 1.7855; (P) 1.7887; (R1) 1.7912; More… Intraday bias in EUR/AUD remains neutral as sideway trading continues. On the upside, firm break of 1.7972 resistance should confirm that corrective pattern from 1.8094 has Read more…
Daily Pivots: (S1) 0.9413; (P) 0.9421; (R1) 0.9438; More…. Intraday bias in EUR/CHF stays neutral and some more consolidations could be seen below 0.9438 temporary top. On the upside, decisive break of 0.9445 resistance will Read more…
Daily Pivots: (S1) 1.3518; (P) 1.3551; (R1) 1.3610; More… Intraday bias in GBP/USD remains on the upside as rise from 1.3150 continues. Firm break of 1.3587 resistance will bring retest of 1.3787 high. On the Read more…
Daily Pivots: (S1) 1.1673; (P) 1.1701; (R1) 1.1734; More… Intraday bias in EUR/USD remains up the upside for retesting 11829 high. Firm break there will resume larger up trend to 1.1916 projection level. On the Read more…
Daily Pivots: (S1) 0.6520; (P) 0.6542; (R1) 0.6567; More… Intraday bias in AUD/USD stays on the upside as rebound from 0.6418 s in progress. Further rise should be seen back to retest 0.6625 high. Overall, Read more…
Daily Pivots: (S1) 1.3747; (P) 1.3765; (R1) 1.3777; More… Intraday bias in USD/CAD stays neutral for the moment. On the downside, break of 1.3720 will reaffirm the case that corrective pattern from 1.3538 has completed Read more…