Daily Pivots: (S1) 1.2728; (P) 1.2762; (R1) 1.2797; More… Intraday bias in USD/CAD stays on the downside. Fall from 1.3222 is in progress to 61.8% projection of 1.3222 to 1.2766 from 1.2984 at 1.2702. Firm Read more…
Daily Pivots: (S1) 0.7067; (P) 0.7102; (R1) 0.7141; More… Intraday bias in AUD/USD stays on the upside as rise from 0.6680 is in progress. Next target is 100% projection of 0.6680 to 0.7045 from 0.6868 Read more…
Daily Pivots: (S1) 1.0275; (P) 1.0320; (R1) 1.0363; More… Intraday bias in EUR/USD is turned neutral, but focus stays on 1.0348 support turned resistance, which is close to 55 day EMA (now at 1.0346). Decisive Read more…
Daily Pivots: (S1) 1.2173; (P) 1.2212; (R1) 1.2240; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, decisive break of 1.2292 resistance will complete a head and shoulder bottom pattern Read more…
Daily Pivots: (S1) 0.9366; (P) 0.9455; (R1) 0.9517; More… A temporary low is formed at 0.9369 in USD/CHF and intraday bias is turned neutral for some consolidations. Upside of recovery should be limited below 0.9648 Read more…
Market picture Bitcoin rose close to $25K on Thursday but failed to hold on to those heights, pulling back precisely to $24K on Friday morning and losing 2.4% overnight. Ethereum continues to outperform the market, Read more…
EUR/USD On Thursday this week, the single European currency was moving erratically. The day started low, but at the European open, the bulls took control and reached the same price as Wednesday, namely 1.0364. The Read more…
The S&P 500 falls back over concerns that inflation is yet to peak. Divergence between the 20 and 30-day moving averages indicates an acceleration to the upside. The current recovery may have gained traction after Read more…
Sterling treads water as the market expects a contraction in the UK’s Q2 GDP. The latest rebound came under pressure near the support-turned-resistance at 0.8470 which sits on the 30-day moving average. A bounce off Read more…
The US dollar consolidates as traders reassess future rate hike moves by the Fed. A bearish RSI divergence and MA cross on the daily chart suggest the start of a correction. A short-lived rebound came Read more…