GBPJPY had been in an uptrend since late September, with the price posting a fresh 6½-year high of 172.10. However, after a period of consolidation, the pair experienced a huge downward spike on the back Read more…
The S&P 500 fell as strong US economic activity fanned fears of restrictive rates for a longer period of time. On the daily chart, the index is drifting towards the daily support of 3700 after Read more…
The pound continued lower as Britain’s Q3 GDP failed to impress. A bearish MA cross was a sign that the buying pressure was wearing off. The confirmation came in the shape of subsequent breaks below Read more…
Daily Pivots: (S1) 158.68; (P) 159.47; (R1) 160.12; More… Intraday bias in GBP/JPY remains neutral for consolidation above 158.57 temporary low. Further decline is expected as long as 162.24. Break of 158.57 will target 161.8% Read more…
Daily Pivots: (S1) 139.93; (P) 140.29; (R1) 140.62; More…. Intraday bias in EUR/JPY neutral as consolidation from 138.79 is extending. Further decline will remain in favor as long as 141.60 minor resistance holds. Firm break Read more…
Daily Pivots: (S1) 0.8768; (P) 0.8801; (R1) 0.8835; More… Intraday bias in EUR/GBP remains on the upside with focus on 0.8827 resistance. Firm break there will argue that whole decline from 0.9267 has completed and Read more…
Daily Pivots: (S1) 1.5773; (P) 1.5842; (R1) 1.5960; More… Intraday bias in EUR/AUD remains neutral for consolidations below 1.5976. Further rally will remain in favor as long as 1.5441 support holds. Break of 1.5976 will Read more…
Daily Pivots: (S1) 0.9832; (P) 0.9851; (R1) 0.9885; More…. EUR/CHF’s consolidation pattern from 0.9953 is still extending and intraday bias remains neutral for the moment. On the upside, firm break of 0.9953 resistance will resume Read more…
Tomorrow has the last bit of potentially major market moving data as trading winds down for the holidays. Which means the figures could have implications for how the new year starts, as attention will come Read more…
Short term, Elliott wave view in S&P 500 (SPX) showing 5 swing sequence lower from 12.01.2022 peak of 4087.3 as the part of correction lower in (2) against 10.13.2022 low. Ideally, (2) expects to unfold Read more…