Daily Pivots: (S1) 0.8409; (P) 0.8445; (R1) 0.8498; More… Sideway trading continues in USD/CHF and intraday bias remains neutral. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, break of 0.8548 […]
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Significant volatility was seen in the global financial markets last week, driven by the highly anticipated US presidential election. Contrary to expectations of a tight contest, Donald Trump secured a comfortable victory over Kamala Harris, Read more…
EUR/USD’s fall from 1.1213 resumed to 1.0681 last week but recovered since then. Initial bias remains neutral this week first and some more consolidations could be seen. But outlook will stay bearish as long as Read more…
USD/JPY edged higher again last week but retreated after hitting 154.70. Initial bias remains neutral this week for more consolidations. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the Read more…