Daily Pivots: (S1) 0.7495; (P) 0.7516; (R1) 0.7537; More… Despite loss of upside momentum as seen in 4 hour MACD, intraday bias in AUD/USD stays on the upside for 0.7555 resistance. Decisive break there should Read more…
Daily Pivots: (S1) 1.0964; (P) 1.1001; (R1) 1.1021; More… Intraday bias in EUR/USD remains neutral for the moment. Further decline is still in favor with 1.1120 support turned resistance intact. On the downside, break of Read more…
Daily Pivots: (S1) 1.3153; (P) 1.3189; (R1) 1.3219; More… Intraday bias in GBP/USD remains neutral for the moment. On the upside, above 1.3297 will resume the rebound from 1.2999 to 55 day EMA (now at Read more…
Daily Pivots: (S1) 0.9273; (P) 0.9294; (R1) 0.9327; More…. Intraday bias in USD/CHF remains neutral at this point. On the upside, break of 0.9374 minor resistance will suggest that the pull back from 0.9459 has Read more…
Daily Pivots: (S1) 121.37; (P) 121.90; (R1) 122.63; More… USD/JPY’s rally continues today and intraday bias remains on the upside. Current up trend should target 161.8% projection of 109.11 to 116.34 from 114.40 at 126.09, Read more…
DXY: On the H4 timeframe, prices are consolidating in a triangle pattern. We see the potential for a bounce from our 1st support at 98.965 in line with 23.6% Fibonacci retracement towards our 1st resistance Read more…
Bitcoin surged over the weekend and broke through 45842 near term resistance. The development confirms resumption of whole rebound from 33000. Near term outlook will stay bullish as long as 44432 support holds. Next target Read more…
Aussie is outperforming other commodity currencies in the past two weeks. AUD/NZD’s rally extends today to as high as 1.0825 so far. The break of 1.0795 resistance confirms resumption of whole rise from 1.0278. Near Read more…
Australia NAB Quarterly business confidence dropped from 19 to 14 in Q1. Current business conditions dropped from 14 to 9. Business conditions for the next three months dropped from 29 to 21. Business conditions for Read more…
Key Highlights EUR/USD started a fresh decline from the 1.1135 region. A key bearish trend line is forming with resistance near 1.1050 on the 4-hours chart. GBP/USD is consolidating below the 1.3220 resistance zone. Gold Read more…