USDCAD looks to be creating a floor around the 40-day simple moving average (SMA) below the 1.2900 round number. The technical indicators are failing to suggest a clear sign as the MACD is holding below Read more…
GBPJPY inched lower to seek support near the 20-day simple moving average (SMA) early on Friday after getting rejected again around June’s descending trendline, which looks to be part of a symmetrical triangle. The symmetrical triangle Read more…
EUR/USD Due to the aggregation of several significant pieces of news, yesterday was a very significant day for the euro. Specifically, the departure of Mario Draghi, the Italian prime minister, who was tasked with steering Read more…
Daily Pivots: (S1) 164.21; (P) 165.09; (R1) 165.64; More… Intraday bias in GBP/JPY is turned neutral for the moment. Break of 163.54 minor support will argue that consolidation from 168.67 is extending with another falling Read more…
Daily Pivots: (S1) 139.62; (P) 140.97; (R1) 141.80; More…. EUR/JPY’s break of 140.41 minor support argues that rebound from 136.85 has completed. Corrective pattern from 144.23 is still extending, with another falling leg. Intraday bias Read more…
Daily Pivots: (S1) 0.8485; (P) 0.8535; (R1) 0.8576; More… EUR/GBP retreated after hitting 0.8585 and intraday bias is turned neutral again. Further rise will remain mildly in favor as long as 0.8456 minor support holds. Read more…
Daily Pivots: (S1) 0.9849; (P) 0.9900; (R1) 0.9936; More…. Intraday bias in EUR/CHF stays neutral at this point and outlook stays bearish with 0.9953 minor resistance intact. Firm break of 0.9084 low will resume larger Read more…
Daily Pivots: (S1) 1.2838; (P) 1.2887; (R1) 1.2915; More… USD/CAD is losing some downside momentum as seen in 4 hour MACD. But further decline is expected with 1.2988 minor resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 0.6884; (P) 0.6910; (R1) 0.6962; More… AUD/USD retreated quickly after edging higher to 0.6937. Intraday bias remains neutral first. On the upside, above 0.6937 will resume the rebound from 0.6680 to 55 Read more…
Daily Pivots: (S1) 136.81; (P) 137.84; (R1) 138.39; More… USD/JPY’s correction from 139.37 is still in progress and intraday bias remains neutral first. Downside of retreat should be contained by 134.73 support. On the upside, Read more…