Daily Pivots: (S1) 0.8613; (P) 0.8637; (R1) 0.8653; More… Intraday bias sin EUR/GBP is turned neutral as recovery was rejected by 4 hour 55 EMA. Overall outlook stays bearish with 0.8827 resistance intact. On the downside, break of 0.8570 temporary low will resume the decline from 0.9267, towards 0.8338 support. In the bigger picture, current […]
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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…