EURUSD is moving back and forth of the 1.0000 psychological level, failing once again to surpass the descending trend line in the preceding week. The technical oscillators seem to be in confusion, as the MACD Read more…
Hello Fellow Traders. In this technical article we’re going to take a look at the Elliott Wave charts charts of GBPUSD forex pair published in members area of the website. As our members know GBPUSD Read more…
The structure of the USDJPY currency shows the formation of a global impulse trend, which consists of cycle waves. On the current chart, we see how the price rises in a cycle wave V. Wave Read more…
The Dax 40 slips as high interest rates prompt investors to take refuge in cash. After hitting the supply zone around 13500, the index has given up all gains from this month’s rally. This is Read more…
The Australian dollar softens as investors shun risk assets. The pair is looking to hold onto its recent gains after rallying above June’s high at 96.60. However, short-term price action may struggle as there is Read more…
The pound tumbles as the UK’s August retail data disappoint. The buying pressure has been building up under June’s peak at 0.8720. The breakout prompted the last sellers to cover. As the euro’s rally gains Read more…
Markets Last week, a strong flattening/inversion move illustrated investors’ believe in a further frontloading strategy as global central banks are trying to regain control on inflation. Despite mostly hawkish ECB speak of late and the Read more…
Daily Pivots: (S1) 162.51; (P) 163.56; (R1) 164.38; More… Intraday bias in GBP/JPY remains on the downside for 159.42 support. But downside should be contained there to bring rebound. Overall, it’s staying in consolidation pattern Read more…
Daily Pivots: (S1) 1.4861; (P) 1.4915; (R1) 1.4957; More… Intraday bias in EUR/AUD remains on the upside. Rebound from 1.4281 is in progress for 1.5396 resistance. On the downside, however, break of 1.4663 minor support Read more…
Daily Pivots: (S1) 0.9602; (P) 0.9634; (R1) 0.9688; More…. Intraday bias in EUR/CHF remains neutral for the moment, and outlook stays bearish as long as 0.9864 resistance holds. On the downside, break of 0.9530 will Read more…