Break of 0.7172 support indicates short term topping in AUD/USD, on bearish divergence condition in 4H MACD. Intraday bias is back on the downside for 0.7120 support first. Break there will target 38.2% retracement of Read more…
Sideway trading continues in USD/CAD and intraday bias remains neutral. Fall from 1.4247 is still in progress. On the downside, break of 1.3730 will target a retest on 1.3480 low. Nevertheless, firm break of 1.3927 Read more…
Intraday bias in GBP/JPY stays neutral and more consolidations could be seen above 207.06. Further fall is expected as long as 209.73 minor resistance holds. Below 207.06 will resume the decline from 219.56 to 206.10 Read more…
Intraday bias in EUR/JPY remains neutral for the moment. Further decline is expected as long as 179.88 minor resistance holds. Below 177.82 will extend the correction from 187.93 towards 175.41 key cluster support. Nevertheless, break Read more…
Range trading continues in EUR/GBP and intraday bias remains neutral. Strong resistance is still expected from 0.8610 to complete the corrective bounce from 0.8453. On the downside, break of 0.8545 support will turn bias back Read more…
EUR/AUD’s strong rebound indicates short term bottoming at 1.6078, on bullish divergence condition in 4H MACD. Intraday bias is mildly on the upside for 55 D EMA (now at 1.6289) and possibly above. On the Read more…
EUR/CHF’s rally resumed by breaking through 0.9434 and intraday bias is back on the upside. Current rise from 0.8979 should target 161.8% projection of 0.8979 to 0.9264 from 0.9094 at 0.9555 next. For now, outlook Read more…
Platinum: ⬇️ Sell – Platinum reversed from resistance zone – Likely to fall to support level 1700.00 Platinum recently reversed down from the resistance zone located between the resistance level 1900.00 (which has been reversing Read more…
Markets A perfect storm gathered above bond markets since Wednesday evening. It started with US Treasury Secretary “I am the House” Bessent. Markets called him to order after the first “increased” buyback auction ($6bn). Technical Read more…
UK GDP growth accelerated from 0.3% to 0.4% m/m in July, beating expectations for no growth. All three main sectors expanded on the month, with services up 0.4%, production up 0.2%, and construction up 0.1%. Read more…