Daily Pivots: (S1) 0.8775; (P) 0.8795; (R1) 0.8808; More… Intraday bias in EUR/GBP remains neutral and more consolidations could be seen below 0.8828. Further rally is expected as long as 0.8761 support holds. On the Read more…
Daily Pivots: (S1) 1.7752; (P) 1.7826; (R1) 1.7878; More… Intraday bias in EUR/AUD is turned neutral again with today’s sharp decline. On the downside, break of 1.7561 support will revive the bearish case that corrective Read more…
Daily Pivots: (S1) 176.76; (P) 177.18; (R1) 177.87; More… EUR/JPY’s rebound from 175.67 extended higher but upside is capped below 178.80 resistance. Intraday bias remains neutral first. On the downside, below 176.48 minor support will Read more…
Daily Pivots: (S1) 201.03; (P) 201.56; (R1) 202.47; More… GBP/JPY’s rebound form 199.04 extended higher today but it stays within near term falling channel and below 204.22 resistance. Intraday bas remains neutral first. On the Read more…
Yen was under pressure across the board in Asian session today as improved sentiment toward China and dovish domestic signals combined to sap demand for the safe-haven currency. Traders interpreted the latest Chinese inflation report Read more…
Key Highlights EUR/USD started a recovery wave from 1.1465. A major bearish trend line is forming with resistance at 1.1620 on the 4-hour chart. GBP/USD recovered some losses and climbed above 1.3120. USD/JPY is consolidating Read more…
The BoJ’s Summary of Opinions from October 29–30 meeting revealed a growing consensus among policymakers that conditions are nearly in place for a rate hike. Eight opinions either called for raising interest rates soon or Read more…
China’s inflation turned positive in October, signaling tentative signs of price stabilization e. Headline CPI rose 0.2% yoy, beating expectations of flat growth and rebounding from September’s -0.3%. The return to positive territory, driven largely Read more…
It was a quiet week in the markets as the U.S. government shutdown became the longest on record. The shutdown hurt confidence and delayed important U.S. economic data. Stocks in the U.S. fell as investors Read more…
Hello fellow traders, In this technical article, we are going to present Elliott Wave charts of AUDJPY Forex pair . As our members know, the pair is showing a 3-wave pullback against the 96.23 low, Read more…