Daily Pivots: (S1) 0.7011; (P) 0.7044; (R1) 0.7101; More… AUD/USD’s break of 0.7089 resistance suggests that it has tentatively defended 0.6991 key medium term support. Intraday bias is back on the upside for stronger rebound towards 0.7313 resistance. On the downside, sustained break of 0.6991 will resume the larger fall from 0.8006 and carry larger […]
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The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…