Our weekly analysis on Elliott Waves takes a close look at the GBP/USD, the Ethereum cryptocurrency, and the Gold commodity. Our analysis indicates a bearish ABC correction on the GBP/USD, a potential 5 waves down Read more…
Markets US retail data on Friday printed softer than expected. Headline sales declined 1.9% M/M and control group sales (-3.1% M/M), a proxy for consumption in GDP, missed the consensus by quite a big margin. Read more…
The EURUSD turned lower on Friday after the US published weak retail sales numbers. The data revealed that the country’s retail sales declined sharply in December as inflation concerns remained. The headline retail sales declined Read more…
Market movers today There are no tier-1 market movers today and it will be a pretty quiet week on the data front where the main highlights will be German ZEW and US regional surveys from Read more…
Daily Pivots: (S1) 1.1382; (P) 1.1433; (R1) 1.1466; More… Intraday bias in EUR/USD remains neutral at this point and outlook is unchanged. Rebound from 1.1185 is seen as a corrective move. Above 1.1482 will extend Read more…
Daily Pivots: (S1) 1.3642; (P) 1.3692; (R1) 1.3732; More… Intraday bias in GBP/USD remains neutral for consolidation below 1.3748 temporary top. Downside of retreat should be contained by 1.3489 support to bring another rally. As Read more…
Daily Pivots: (S1) 0.9108; (P) 0.9125; (R1) 0.9155; More…. Intraday bias in USD/CHF remains neutral for consolidation above 0.9090 first. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 Read more…
Daily Pivots: (S1) 113.71; (P) 113.99; (R1) 114.49; More… Intraday bias in USD/JPY remains neutral for the moment. Risk will stay on the downside for another fall as long as 116.34 resistance holds. Break of Read more…
Daily Pivots: (S1) 0.7179; (P) 0.7236; (R1) 0.7275; More… Intraday bias in AUD/USD remains neutral for the moment. We’re still slightly favoring the case that correction from 0.8006 is complete after defending 0.6991. Above 0.7313 Read more…
Daily Pivots: (S1) 1.2488; (P) 1.2529; (R1) 1.2588; More… Intraday bias in USD/CAD remains neutral for consolidation above 1.2452 temporary low. Further fall is expected as long as 1.2619 support turned resistance holds. Current development Read more…