Daily Pivots: (S1) 0.6183; (P) 0.6203; (R1) 0.6224; More… Intraday bias in AUD/USD remains mildly on the downside despite loss of momentum as see in 4H MACD. Current fall from 0.6941 should target .6169 long term support, and then 138.2% projection of 0.6941 to 0.6511 from 0.6687 at 0.6074. However, considering bullish convergence condition in […]
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Dollar Index started the new year with a pronounced surge. Sterling, Euro, and Swiss Franc bore the brunt of this strength, reflecting the sluggish economic outlook in Europe and ongoing concerns about the impact of Read more…
EUR/USD’s decline from 1.1213 resumed by breaking through 1.0330 support last week. A temporary low might be formed at 1.0223 and initial bias is turned neutral this week first. But further decline is expected as Read more…
USD/JPY stayed in sideway consolidations last week. Initial bias remains neutral this week first. Break of 158.06 will resume the rally from 139.57 to 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25. Firm Read more…