Daily Pivots: (S1) 0.8420; (P) 0.8438; (R1) 0.8468; More… Range trading continues in EUR/GBP and intraday bias remains neutral. On the downside, break of 0.8386 minor support will resume the choppy fall from 0.8720 through Read more…
Daily Pivots: (S1) 1.4370; (P) 1.4418; (R1) 1.4476; More… Intraday bias in EUR/AUD stays on the downside for 1.4318 support. Decisive break there will resume larger down trend to medium term projection level at 1.3623. Read more…
Daily Pivots: (S1) 0.9580; (P) 0.9615; (R1) 0.9673; More…. While EUR/CHF recovers, further decline is still expected with 0.9698 resistance intact. Current down trend should now target 100% projection of 1.1149 to 0.9970 from 1.0513 Read more…
The Euro bounces back above parity level in early European trading on Thursday as traders collect profits from this week’s drop to the lowest levels since 2002. Oversold daily studies and a double daily Doji Read more…
AUDUSD started the day with strong positive momentum, quickly recouping yesterday’s mild losses to peak marginally above the 20-day simple moving average (SMA) and the 0.6962 level, which previously was unbreakable. That is also where Read more…
WTI crude oil futures made a notable attempt to surpass the medium-term descending channel and the bearish crossover within the 40- and the 200-day simple moving averages (SMAs). Currently, the momentum is weak but if Read more…
In the long term, EURUSD currency is expected to form a bearish corrective trend, which may take the form of a double zigzag consisting of cycle waves w-x-y. It is likely that at the time Read more…
WTI crude climbed after Saudi Arabia suggested trimming output. Both 20 and 30-day moving averages previously acted as resistance in a month-long retreat. A break above 95.00 and the MAs prompted sellers to cover, easing Read more…
Gold consolidates as traders await Fed comments from Jackson Hole. After the precious metal gave up more than half of its recent gains, the bulls are seeking to hold above the major support (1680) from Read more…
The New Zealand dollar treads water as Q2 retail sales numbers disappoint. The pair is grinding the demand zone (0.6150) from a bullish breakout in mid-July. A bullish RSI divergence shows a deceleration in the Read more…