Daily Pivots: (S1) 1.3675; (P) 1.3741; (R1) 1.3830; More… Intraday bias in USD/CAD stays neutral as consolidation continues. Outlook will stay bullish as long as 1.3501 support holds. Firm break of 1.3976 will resume larger Read more…
Daily Pivots: (S1) 0.6221; (P) 0.6289; (R1) 0.6348; More… Range trading continues in AUD/USD and intraday bias stays neutral. Further decline is expected with 0.6362 support turned resistance intact. Firm break of 100% projection of Read more…
Daily Pivots: (S1) 0.9748; (P) 0.9797; (R1) 0.9838; More… Intraday bias in EUR/USD remains neutral as range trading continues. Deeper decline is expected with 0.9998 resistance intact. Below 0.9630 will bring retest of 0.9534 low Read more…
Daily Pivots: (S1) 1.1162; (P) 1.1249; (R1) 1.1327; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of 1.0351 Read more…
Daily Pivots: (S1) 0.9995; (P) 1.0032; (R1) 1.0069; More… USD/CHF is still bounded in range below 1.0072 and intraday bias stays neutral. On the upside, break of 1.0072, and sustained trading above 1.0063, will confirm Read more…
Short term Elliott Wave view on Gold (XAUUSD) continued with bearish momentum from 10.04.2022 high calling for further downside. Decline from 10.04.2022 high is unfolding in 3 waves to complete a double correction. Down from Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bullish. To add to this bias, the price is currently trading above the Ichimoku cloud, indicating a bullish market. Price has maintained its Read more…
Daily Pivots: (S1) 149.71; (P) 150.00; (R1) 150.44; More… USD/JPY’s rally continues today and stays above 150 handle, without clear sign of intervention by Japan. Intraday bias stays on the upside. Current up trend would Read more…
Yen remains the biggest loser for the week even though Japan has stepped up with the rhetorics against “speculations”. Dollar is standing above 150 level against Yen for now, without clear sign of actual intervention. Read more…
Japan stepped up verbal intervention as USD/JPY breaks above 150 level. Finance Minister Shunichi Suzuki warned today, “we are confronting speculators strictly.” Yet, when asked if Yen was under attack by speculators, Suzuki said, “it’s inappropriate Read more…