Daily Pivots: (S1) 1.1886; (P) 1.2046; (R1) 1.2158; More… Intraday bias in GBP/USD remains on the downside as down trend is still in progress. Sustained trading below 61.8% projection of 1.3297 to 1.2154 from 1.2666 Read more…
Daily Pivots: (S1) 0.6826; (P) 0.6898; (R1) 0.6946; More… Intraday bias in AUD/USD remains on the downside with focus on 0.6828 low. Firm break there will resume larger fall from 0.8006 to 0.6756/60 cluster support. Read more…
USDJPY managed to close clearly above the tough resistance of 134.35 on Tuesday before pulling back during Wednesday’s early European trading hours, boosting optimism that the bullish cycle could see further continuation ahead of the FOMC policy announcement Read more…
NZDUSD is trying to recoup significant losses that were posted in the previous eight days, recording a new 25-month low below the 0.6200 round number. The 20- and 40-day simple moving averages (SMAs) appear ready to post a bullish crossover in the Read more…
EUR/USD Yesterday’s trading session began with a bearish dominance, but later in the day, the bulls almost recovered all of their losses. At the time of writing the analysis, the bulls have gained momentum and Read more…
S&P 500 (SPX) broke below previous low on 5/21/2022 at 3810.32 and opens up a bearish sequence favoring further downside. The entire decline from 1/4/2022 high is unfolding as a triple three Elliott Wave structure. Read more…
The Dax 40 sinks as expectations of high interest rates continue to drive global equities south. A break below 13850, a support on the daily chart, prompted short-term bulls to close their bets. The fall Read more…
The pound softened after an unexpected rise in the UK’s unemployment rate in April. The pair is struggling to hold onto its recent gains after a rally above last April’s high at 168.40. A drop Read more…
Gold tumbles as the US dollar regains bullish impetus across the board. A clean cut below the demand zone at 1828 indicates weak interest in safeguarding the latest rebound. As trapped buyers look to exit, Read more…
The Federal Reserve (Fed) will announce its latest rate decision today, but most of the wild ride is certainly done by now; the market fully prices in a 75bp hike at today’s decision. Investors know Read more…