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…
Japan’s Tokyo CPI figures for October showed broad-based acceleration in inflation, adding to pressure on the BoJ but stopping short of forcing an immediate policy move. Core CPI (excluding fresh food) climbed from 2.5% to Read more…
In this technical blog, we analyze the historical performance of the CHFJPY 1-hour Elliott Wave charts, as presented to members of ElliottWave-Forecast. The analysis highlights an impulsive rally that began from the October 15 low Read more…
GBPAUD: ⬇️ Sell GBPAUD broke support zone Likely to fall to support level 2.0000 GBPAUD currency pair recently broke the support zone between the support level 2.0250 (which stopped the previous impulse wave i) and Read more…
CADJPY: ⬆️ Buy CADJPY broke resistance zone Likely to rise to resistance level 111.30 CADJPY currency pair recently broke the resistance zone between the resistance level 109.60 (which stopped wave (1) at the start of Read more…