USDJPY is back on the mission to fight against the 145.00 crucial ceiling after fully recouping the Bank of Japan-led decline to 140.34 last week. Even though the stochastics are positively charged, the RSI and the MACD Read more…
EUR/USD The bulls’ attempts to limit the sell-offs remain unsuccessful and the sellers are currently testing the support at 28952. If they manage to successfully breach it, then their next move would be for an Read more…
The current Gold chart shows a large correction pattern, which takes the form of a cycle triple zigzag. The last section of the chart shows the structure of the bearish cycle intervening wave x, which Read more…
The FTSE 100 struggles over UK rate rise worries to support a battered pound. A fall below the critical area and psychological level of 7000 is a strong signal that the market has slipped into Read more…
The Australian dollar falls as risk appetite remains subdued across assets. The pair went into a free fall after it broke last summer’s lows near 0.6700. The bearish mood still prevails and may continue to Read more…
The US dollar edged higher after Fed officials reiterated the need to keep tightening. The pair has recouped most of the losses from a previous liquidation, which suggests solid buying interest at 140.50 along the Read more…
It would appear we’re in for another day of risk-off trade, with parts of Asia recording heavy losses and Europe opening on the backfoot. Fear of tightening-induced recessions has wiped out the recovery we saw Read more…
Daily Pivots: (S1) 154.26; (P) 155.32; (R1) 156.49; More… Intraday bias in GBP/JPY stays neutral as consolidation from 148.93 is still in progress. For now, risk will stay on the downside as long as 160.64 Read more…
Daily Pivots: (S1) 138.52; (P) 139.03; (R1) 139.45; More…. Intraday bias in EUR/JPY remains neutral for the moment. On the downside, break of 137.32 will resume the decline from 145.62 to 133.38 key support next. Read more…
Daily Pivots: (S1) 0.9551; (P) 0.9610; (R1) 0.9652; More… EUR/USD’s decline resumed after brief recovery and intraday bias is back on the downside. Current down trend should target 161.8% projection of 1.0368 to 0.9863 from Read more…