Daily Pivots: (S1) 1.7610; (P) 1.7659; (R1) 1.7700; More… EUR/AUD recovered ahead of 1.7569 support and intraday bias is turned neutral first. On the downside, firm break of 1.7569 will confirm that pattern from 1.8554 Read more…
Daily Pivots: (S1) 0.9266; (P) 0.9278; (R1) 0.9286; More…. Intraday in EUR/CHF remains neutral for the moment. While recovery from 0.9208 could extend, upside should be limited below 0.9311 support turned resistance. On the downside, Read more…
Daily Pivots: (S1) 1.1529; (P) 1.1583; (R1) 1.1619; More… Focus remains on 1.1540 support in EUR/USD. Firm break there will resume the fall from 1.1917 and target 1.1390 support, or even further to 38.2% retracement Read more…
Daily Pivots: (S1) 152.73; (P) 153.59; (R1) 155.02; More… Intraday bias in USD/JPY stays on the upside at this point. Current rally is part of the whole rise from 139.87 and should target 100% projection Read more…
Daily Pivots: (S1) 1.3105; (P) 1.3162; (R1) 1.3207; More… Intraday bias in GBP/USD remains on the downside with focus on 1.3140 cluster (38.2% retracement of 1.2099 to 1.3787 at 1.3142). Decisive break there will complete Read more…
Daily Pivots: (S1) 0.7984; (P) 0.8011; (R1) 0.8045; More… Intraday bias in USD/CHF remains on the upside for the moment. Corrective pattern from 0.7878 is in its third leg. Further rise should be seen to Read more…
Daily Pivots: (S1) 0.6526; (P) 0.6562; (R1) 0.6591; More… Intraday bias in AUD/USD remains neutral and further rise is mildly in favor. Above 0.6616 will resume the rebound from 0.6439 to retest 0.6706 high. However, Read more…
China’s official manufacturing PMI fell from 49.8 to 49.0 in October, missing expectations of 49.7 and marking the lowest reading in six months. The sector has now been in contraction since April. The new orders Read more…
Key Highlights USD/JPY regained momentum and traded above 153.00. A key bullish trend line is forming with support at 152.60 on the 4-hour chart. EUR/USD is at risk of more downside below 1.1550. Bitcoin trimmed Read more…
Japan’s industrial production rose 2.2% mom in September, beating expectations of 1.6% and marking the first increase in three months. However, the Ministry of Economy, Trade and Industry kept its assessment unchanged, describing output as Read more…