GBPAUD has marked yet more higher lows since early-November as positive forces linger. Moreover, the pair is trading above its 50- and 200-day simple moving averages (SMA), reinforcing its overall bullish outlook. Short-term momentum Read more…
The US dollar index has experienced a minor pullback in the short-term after peaking at the 19-month high of 97.41. However, the price has regained traction since the 95.10 floor rejected a price decline twice, Read more…
GBPJPY has been trading within an ascending movement over the last two months, with a higher high around the upper band of the long-term trading range of 148.90-158.20. Yesterday, the pair reached a fresh three-and-a-half-month high near 158.05 but today; it is returning Read more…
EUR/USD During yesterday’s trading session, the bears took complete control over the market, heading the pair towards a test of the support at 1.1395. In case the bears manage to hold their positions and successfully Read more…
Markets Over the previous week, ECB Chair Lagarde’s U-turn on the inflation assessment and strong US payrolls caused hefty turbulence on interest rate markets on both sides of the Atlantic. Yesterday’s US CPI release triggered Read more…
Daily Pivots: (S1) 156.34; (P) 157.20; (R1) 158.16; More… Intraday bias in GBP/JPY stays on the upside at this point. Decisive break of 158.19 high will resume larger up trend from 123.94. On the downside, Read more…
Daily Pivots: (S1) 131.92; (P) 132.53; (R1) 133.20; More…. EUR/JPY surged to 133.13 but quickly retreated. Intraday bias is turned neutral first. But outlook is unchanged that corrective pattern from 134.11 should have completed three Read more…
Daily Pivots: (S1) 0.8411; (P) 0.8429; (R1) 0.8446; More… Intraday bias in EUR/GBP remains neutral first. On the upside, break of 0.8476 will resume the rebound from 0.8282 to 0.8598 resistance. Decisive break there will Read more…
Daily Pivots: (S1) 1.5860; (P) 1.5924; (R1) 1.6007; More… Intraday bias in EUR/AUD stays neutral for the moment. Further rally will remain in favor as long as 1.5776 support holds. Above 1.6223 will resume whole Read more…
What’s all the fuss about React hooks? In our latest blog post, we share the basics of managing state with hooks in a React app. Read more