Cathie Wood, chief of Ark Investment Management, likes to double down on her favorite tech stocks, especially when the prices are falling. That’s what she just did, buying a megacap tech stock amid a broader Read more…
Intraday bias in EUR/USD remains on the downside at this point. Sustained break of 1.1353 fibonacci level will carry larger bearish implication. Next near term is 100% projection of 1.2081 to 1.1408 from 1.1848 at Read more…
Intraday bias in USD/JPY remains neutral for the moment. On the downside, firm break of 160.58 support should confirm short term topping, on bearish divergence condition in 4H MACD. Deeper fall should then be seen Read more…
Intraday bias in GBP/USD remains on the downside for the moment. Sustained trading below 1.3158 support will resume whole fall from 1.3867 to 100% projection of 1.3867 to 1.3158 from 1.3657 at 1.2948. On the Read more…
Intraday bias in USD/CHF stays on the upside for 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. On the downside, below 0.8074 minor support will turn intraday bias neutral and bring consolidations first before Read more…
Intraday bias in AUD/USD is turned for some consolidations. But upside of recovery should be limited by 0.6977 support turned resistance. Below 0.6881 temporary low will resume the fall from 0.7277 to 0.6832 support first. Read more…
Intraday bias in USD/CAD remains on the upside for 61.8% retracement of 1.4791 to 1.3480 at 1.4290. Sustained break there will pave the way to 1.4791 high. On the downside, below 1.4140 minor support will Read more…
Range trading continues in GBP/JPY and intraday bias remains neutral. On the downside, below 212.36 will affirm the case that rebound form 210.43 has completed as a correction. Deeper fall would be seen to 211.23 Read more…
Intraday bias in EUR/JPY remains on the downside fro retesting 182.01. Firm break there will resume the fall from 187.93 and target 100% projection of 187.93 to 182.01 from 186.30 at 180.38. On the upside, Read more…
Immediate focus remains on 0.8610/8 key support zone. Decisive break there will will revive the case of bearish trend reversal, and target 0.8466 fibonacci level. Nevertheless, firm break of break of 0.8686 resistance will bring Read more…