The New Zealand dollar recovers as weak data from China may trigger more policy support. The RSI’s double dip into the oversold territory shows an overextension. The sell-off has become such a crowded one-way trade Read more…
The euro edged higher after an ECB official supported the idea of a stronger currency to combat inflation. The pair is bouncing off December 2017’s lows at 1.0350. The RSI’s oversold situation on both daily Read more…
GBPUSD is gaining ground after the sell-off towards the two-year low of 1.2120 and is moving towards the inside swing low from April 28 at 1.2410. The technical indicators are mirroring the current bullish bias Read more…
Daily Pivots: (S1) 1.0402; (P) 1.0422 (R1) 1.0455; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0348 is extending. Outlook also stays bearish as long as 1.0641 resistance holds. Decisive break of 1.0339 Read more…
Daily Pivots: (S1) 1.2250; (P) 1.2290; (R1) 1.2362; More.. GBP/USD’s recovery from 1.2154 extends higher today but stays below 1.2637 resistance. Intraday bias remains neutral first and outlook remains bearish. On the downside, break of Read more…
Daily Pivots: (S1) 0.9997; (P) 1.0030; (R1) 1.0053; More…. Intraday bias in USD/CHF is turned neutral first with current retreat. But further rally is expected with 0.9871 support intact. Above 1.0063 will start next medium Read more…
Daily Pivots: (S1) 128.68; (P) 129.15; (R1) 129.59; More… Intraday bias in USD/JPY remains neutral as consolidation from 131.34 extends. Another fall fall but ruled out and below 127.51 will target 125.09 cluster support (38.2% Read more…
Daily Pivots: (S1) 0.6901; (P) 0.6942; (R1) 0.7010; More… Intraday bias in AUD/USD remains neutral at this point. Risk stays mildly on the downside as long as 0.7029 support turned resistance holds. Break of 0.6828 Read more…
Daily Pivots: (S1) 1.2795; (P) 1.2888; (R1) 1.2940; More… Intraday bias in USD/CAD remains neutral first and correction from 1.3075 could extend lower. On the upside, break of 1.3075 will resume the rise from 1.2401. Read more…
Daily Pivots: (S1) 1.0415; (P) 1.0453; (R1) 1.0492; More…. Intraday bias in EUR/CHF remains neutral for the moment. On the downside, break of 1.0360 will suggest that rebound from 0.9970 has completed as a three-wave Read more…