DXY: On the weekly, prices are on bullish momentum and abiding to our ascending trendline. We see potential for prices to bounce from our 1st support at 94.646 in line with 23.6% Fibonacci retracement towards Read more…
Daily Pivots: (S1) 0.7265; (P) 0.7289; (R1) 0.7305; More… Intraday bias in AUD/USD remains on the this point. Correction from 0.8006 could have completed after defending 0.6991. Further rise should be seen to 100% projection Read more…
Daily Pivots: (S1) 1.2475; (P) 1.2497; (R1) 1.2541; More… Intraday bias in USD/CAD remains on the downside for the moment. As noted before, rise from 1.2286 is finished at 1.2963, and possibly the whole pattern Read more…
Daily Pivots: (S1) 1.1433; (P) 1.1458; (R1) 1.1479; More… Intraday bias in EUR/USD remains on the upside as rebound from 1.1185 is still in progress. Further rise would target 38.2% retracement of 1.2265 to 1.1185 Read more…
Daily Pivots: (S1) 1.3690; (P) 1.3720; (R1) 1.3738; More… Intraday bias in GBP/USD remains on the upside for 1.3833 resistance first. As noted before, corrective fall from 1.4282 should have completed with three waves down Read more…
Daily Pivots: (S1) 0.9087; (P) 0.9118; (R1) 0.9143; More…. Intraday bias in USD/CHF remains on the downside at this point. Firm break of 0.9084/0.9101 support zone will argue that choppy rise from 0.8925 has completed. Read more…
Daily Pivots: (S1) 113.88; (P) 114.29; (R1) 114.59; More… Intraday bias in USD/JPY remains on the downside as fall form 116.34 is accelerating towards 112.52 support. considering bearish divergence condition in in daily MACD, break Read more…
Yen trades broadly higher in Asian session, following broad based weakness in the stock markets. Nevertheless, mild risk-off sentiment is providing no support to Dollar, nor the hawkish comments from Fed officials. Dollar remains the Read more…
Key Highlights USD/JPY started a fresh decline from well above 116.00. It broke a major bullish trend line with support near 115.60 on the 4-hours chart. EUR/USD surged above 1.1400, and GBP/USD rallied above the Read more…
Fed Governor Christopher Waller told Bloomberg TV, “three hikes is still a good baseline; we will have to wait and see what inflation looks like in the second half of the year.” If inflation continues Read more…