The short-term Elliott Wave outlook for EURUSD indicates that the rally to 1.2083 on January 27 marked the completion of wave (1). Following this peak, the pair entered a corrective phase in wave (2), which Read more…
Daily Pivots: (S1) 1.1590; (P) 1.1622; (R1) 1.1670; More…. Intraday bias in EUR/USD remains neutral for consolidations above 1.1529 temporary low. On the downside, below 1.1529 will resume the fall from 1.2081. Sustained break of Read more…
Daily Pivots: (S1) 156.64; (P) 157.26; (R1) 157.65; More… Intraday bias in USD/JPY stays neutral and more consolidations could be seen below 157.97 temporary top. On the upside, above 157.96 will extend the rebound from Read more…
Daily Pivots: (S1) 1.3318; (P) 1.3361; (R1) 1.3417; More… Intraday bias in GBP/USD remains neutral for consolidations above 1.3252 temporary low. Fall from 1.3867 should at least be correcting the rise from 1.2009. Below 1.3252 Read more…
Daily Pivots: (S1) 0.7765; (P) 0.7812; (R1) 0.7838; More…. Intraday bias in USD/CHF remains neutral for the moment, and more consolidations could be seen below 0.7877 temporary top first. Further rise is expected as long Read more…
Daily Pivots: (S1) 0.7012; (P) 0.7049; (R1) 0.7112; More… AUD/USD rebounded notably but stays in established range below 0.7146. Intraday bias remains neutral and more consolidations could be seen. Further rally is still in favor Read more…
Daily Pivots: (S1) 1.3613; (P) 1.3657; (R1) 1.3686; More… Intraday bias in USD/CAD remains neutral for the moment, and outlook is unchanged. Strong resistance is still expected from 55 D EMA (now at 1.3721) to Read more…
Seeing liquidation sales and store-closing signs at once-iconic mall anchors has become a familiar sight across North America, slowly taking away shopping options in many communities and signaling continued challenges across the retail sector. Major Read more…
Key Highlights WTI Crude Oil prices started a strong increase above $72.00. A key bullish trend line is forming with support at $74.65 on the 4-hour chart of XTI/USD. Gold is now facing resistance near Read more…
Chinese Premier Li Qiang unveiled Beijing’s economic priorities for the year during the annual government work report at the National People’s Congress, setting the country’s GDP growth target at 4.5% to 5%. The range represents Read more…