Daily Pivots: (S1) 1.2847; (P) 1.2867; (R1) 1.2900; More… Intraday bias in USD/CAD remains neutral at this point. Further decline is mildly in favor with 1.2945 minor resistance intact. Below 1.2766 will resume the fall Read more…
Daily Pivots: (S1) 0.6877; (P) 0.6955; (R1) 0.6996; More… Intraday bias in AUD/USD stays neutral for the moment. On the upside, break of 0.7045 will resume the rebound from 0.6680 to 0.7282 key resistance next. Read more…
Markets Pelosi’s visit to Taiwan provoking the ire of China dominated most of the European trading session. Risky assets including equities were sold while safe havens enjoyed a good bid in your typical risk-off market Read more…
Short Term Elliott Wave view in Dollar Index (DXY) suggests rally to 109.29 on 7.14.2022 peak ended wave (3). Pullback in wave (4) ended at 105.05 with internal subdivision as a zigzag Elliott Wave structure. Read more…
Equity markets tread water amid US-China tensions over Taiwan. The FTSE is testing the supply zone (7470) at the start of a previous liquidation in early June. A bearish RSI divergence is a sign of Read more…
The New Zealand dollar weakened as the Q2 unemployment rate missed the mark. The pair has met stiff selling pressure at the daily resistance (0.6360) which was the start of the mid-June sell-off. As the Read more…
The Australian dollar tumbles as the RBA’s downbeat outlook may signal a slowdown in future rate hikes. The rally came to a halt in the vicinity of the daily resistance at 0.7050. A bearish RSI Read more…
Daily Pivots: (S1) 131.33; (P) 132.25; (R1) 134.10; More… Intraday bias in USD/JPY is turned neutral first with current recovery. Some consolidations could be seen above 130.38 temporary low. On the downside, below 130.38 will Read more…
Daily Pivots: (S1) 0.9504; (P) 0.9540; (R1) 0.9609; More… Intraday bias in USD/CHF remains neutral with focus on 0.9598 minor resistance. Firm break there should confirm short term bottoming at 0.9468, after defending 0.9471 keys Read more…
Daily Pivots: (S1) 1.0122; (P) 1.0208; (R1) 1.0252; More… Intraday bias in EUR/USD is neutral for the moment, but further rise will remain in favor as long as 1.0095 support holds. Rebound from 0.9951 will Read more…