Daily Pivots: (S1) 1.2361; (P) 1.2416; (R1) 1.2447; More… GBP/USD’s break of 1.2292 minor support suggests that corrective recovery from 1.2099 has completed at 1.2522. Intraday bias is back on the downside for retesting 1.2099 first. Firm break there will resume whole decline from 1.3433. In case of another rise as corrective move from 1.2099 […]
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The Australian dollar is coming off a nasty week, declining 1.6%, and the slide has continued on Monday. AUD/USD fell as In the European session, AUD/USD is trading at 0.6146, down 1% on the day. Read more…
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Crude oil started the week with some volatility, driven by tariffs and trade war concerns. Despite the initial recovery, I see this as a temporary corrective reaction higher in Elliott wave terms, and that sooner Read more…