Daily Pivots: (S1) 136.10; (P) 137.03; (R1) 137.97; More…. EUR/JPY is trying to resume the rebound from 133.38 by breaking 137.93 minor resistance. Intraday bias is mildly on the upside. Firm break of 138.38 will Read more…
Daily Pivots: (S1) 0.8443; (P) 0.8473; (R1) 0.8520; More… EUR/GBP’s choppy rise from 0.8338 resumed by breaking 0.8510 resistance. Intraday bias is back on the upside for 0.8585 resistance firs. On the downside, break of Read more…
Daily Pivots: (S1) 1.4343; (P) 1.4406; (R1) 1.4524; More… Intraday bias in EUR/AUD remains neutral at this point. Further decline is still expected with 1.4712 resistance intact. On the downside, firm break of 1.4318 low Read more…
Daily Pivots: (S1) 0.9594; (P) 0.9633; (R1) 0.9666; More…. Intraday bias in EUR/CHF remains neutral for the moment, and further decline is expected with 0.9698 resistance intact. Break of 0.9550 will resume larger down trend Read more…
EURUSD’s bears are attempting to take control again after several failed endeavours to surpass the key 1.0000 level. Previously, the pair was unable to find sufficient buying interest to exit the 2022 downward-sloping channel, and the momentum indicators Read more…
The dollar hit new 20-year high against the basket of major currencies in early Monday, driven by fresh demand on US interest rate outlook. The dollar index opened with gap higher on Monday and rose Read more…
EUR/USD At the end of last week, the dollar managed to gain ground against the euro after Jerome Powell’s speech at the Jackson Hole symposium did not meet the markets’ expectations for a less aggressive Read more…
The 1H timeframe of the DXY index suggests the completion of a global corrective trend, which has taken the form of a triple zigzag consisting of five cycle waves w-x-y-x-z. Thus, the market is currently Read more…
Equities tumbled after the US Fed shattered hopes that policymakers might dial back the tightening. The Dow Jones 30 lost its momentum after hitting a four-month high at 34300. An initial drop below 33850 led Read more…
Gold remains overshadowed by the prospect of higher interest rates. The price has been struggling to find buyers after it hit resistance at the psychological level of 1800, which was also a former demand zone Read more…