EUR/CHF broke through 0.9670 last week to resume the whole decline from 1.0095. But a temporary low was formed at 0.9606 with subsequent recovery. Initial bias is turned neutral this week first. Some consolidations could be seen, but outlook will stay bearish as long as 0.9721 support turned resistance holds. Below 0.9606 will target 100% […]
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USDJPY loses ground around 200-day SMA RSI and MACD head south USDJPY has declined considerably toward the 200-day simple moving average (SMA) around 152.10, with the potential to hit the short-term uptrend line before heading Read more…
Markets US President-elect Trump announcing he will raise tariffs on imports from Canada and Mexico by 25% and the levy on China by 10% in the end only had a limited impact on markets. Early Read more…
Daily Pivots: (S1) 1.0428; (P) 1.0486; (R1) 1.0548; More… EUR/USD is staying in consolidation above 1.0330 and intraday bias remains neutral. Further decline is expected as long as 1.0609 resistance holds. On the downside, sustained Read more…