Daily Pivots: (S1) 1.5350; (P) 1.5479; (R1) 1.5567; More… EUR/AUD breached 1.5412 support briefly but quickly recovered. Intraday bias remains neutral first. On the upside, break of 1.5704 will resume the rally from 1.4281 to Read more…
Daily Pivots: (S1) 0.9846; (P) 0.9900; (R1) 0.9928; More…. Intraday bias in EUR/CHF is turned neutral with current retreat and some more consolidations would be seen below 0.9953. But further rally is expected as long Read more…
Daily Pivots: (S1) 1.3500; (P) 1.3564; (R1) 1.3631; More…. Intraday bias in USD/CAD stays neutral at this point. As long as 1.3501 holds, further rise is still in favor. On the upside, firm break of Read more…
AUD/USD retreated ahead of 0.6530 resistance and intraday bias is turned neutral first. On the upside, decisive break of 0.6535, and sustained trading above 55 day EMA (now at 0.6564), will raise the chance of Read more…
Daily Pivots: (S1) 0.9917; (P) 1.0006; (R1) 1.0053; More… Intraday bias in EUR/USD remains neutral for the moment. Rise from 0.9534 is still expected to continue as long as 4 hour 55 EMA (now at Read more…
Daily Pivots: (S1) 1.1527; (P) 1.1586; (R1) 1.1623; More… Intraday bias in GBP/USD is turned neutral with current retreat, and some consolidations could be seen. Further rally is expected as long as 1.1256 minor support Read more…
Daily Pivots: (S1) 0.9857; (P) 0.9892; (R1) 0.9943; More… Intraday bias in USD/CHF remains neutral and outlook is unchanged. Further rally will remain in favor as long as 0.9779 support holds. On the upside, break Read more…
The S&P 500 softened as the US GDP beat expectations in Q3. A close above October’s high at 3800 prompted sellers to cover, easing the pressure on the index. The support-turned-resistance at 3900 is a Read more…
The Japanese yen weakens as the BoJ maintains its ultra low rates. The RSI’s double top in the overbought area on the daily chart was a strong sign of overextension. A sharp fall below 150.00 Read more…
Traders took profit in the euro after the ECB raised its interest rates by 75 basis points as expected. A rally back to parity indicates strong interest in defending the historical exchange level. The price Read more…