Daily Pivots: (S1) 1.0529; (P) 1.0564 (R1) 1.0595; More… Intraday bias in EUR/USD stays neutral at this point. Considering bullish convergence condition in 4 hour MACD, break of 1.0641 resistance will confirm short term bottoming Read more…
Daily Pivots: (S1) 1.2453; (P) 1.2476; (R1) 1.2515; More.. GBP/USD’s rebound from 1.2154 extends higher today, but stays below 1.2637 resistance. Intraday bias remains neutral first. Considering bullish convergence condition in 4 hour MACD, break Read more…
Daily Pivots: (S1) 0.9704; (P) 0.9734; (R1) 0.9774; More… Intraday bias in USD/CHF remains mildly on the downside. Fall from 1.0063 would extend lower and sustained break of 38.2% retracement of 0.9193 to 1.0063 at Read more…
Daily Pivots: (S1) 127.55; (P) 127.92; (R1) 128.32; More… Intraday bias in USD/JPY stays mildly on the downside at this point. Correction from 131.34 short term top would extend to 125.09 cluster support (38.2% retracement Read more…
Daily Pivots: (S1) 1.2788; (P) 1.2828; (R1) 1.2879; More… Intraday bias in USD/CAD stays neutral at this point. With 1.2712 support intact, further is still in favor. On the upside, break of 1.3075 will resume Read more…
Daily Pivots: (S1) 0.7004; (P) 0.7039; (R1) 0.7075; More… Intraday bias in AUD/USD remains on the upside at this point. Rebound from 0.6828 short term bottom is on track to 55 day EMA (now at Read more…
Overall market sentiment is mixed in Asian session today, with recover seen in Nikkei but selloff in Hong Kong and China. Aussie is extending near term rebound, following Labor’s win in the federal elections over Read more…
RBA Assistant Governor Christopher Kent said in a speech that while most observers focuses were on the central bank’s 25bps rate hike this month, it also decided to proceed with “quantitative tightening”. “As the Bank Read more…
ECB President Christine Lagarde told Dutch television over the weekend, “we are going to follow the path of stopping net asset purchase. Then, sometime after that — which could be a few weeks — hike Read more…
DXY: On the H4, with prices below the ichimoku indicator and prices breakout of the ascending channel, we have a bearish bias that price will drop to our 1st support at 102.492 where the horizontal Read more…