We saw a second day of gains then losses in major US indices. The stocks first rallied on the idea that the Federal Reserve (Fed) hawks may have gone ahead of themselves with the pricing Read more…
Daily Pivots: (S1) 1.1286; (P) 1.1327; (R1) 1.1352; More… Intraday bias in EUR/USD remains neutral first. As noted before, rebound from 1.1185 is seen as corrective move. Break of 1.1284 will argue that larger down Read more…
Daily Pivots: (S1) 1.3569; (P) 1.3616; (R1) 1.3644; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. While deeper fall cannot be ruled out, downside of retreat should be contained by 1.3489 support Read more…
Daily Pivots: (S1) 0.9148; (P) 0.9164; (R1) 0.9190; More…. Intraday bias in USD/CHF remains neutral as it’s still staying in consolidation from 0.9090. On the downside, firm break of 0.9084 support will argue that choppy Read more…
Daily Pivots: (S1) 113.89; (P) 114.22; (R1) 114.47; More… Intraday bias in USD/JPY remains on the downside at this point. Break of 113.47 will resume the fall from 112.52 structural support. Considering bearish divergence condition Read more…
Daily Pivots: (S1) 0.7198; (P) 0.7237; (R1) 0.7266; More… Intraday bias in AUD/USD remains neutral at this point as range trading continues. We’re still slightly favoring the case that correction from 0.8006 is complete after Read more…
Daily Pivots: (S1) 1.2464; (P) 1.2491; (R1) 1.2528; More… Downside momentum is diminishing in USD/CAD as seen in 4 hour MACD. But with 1.2569 resistance intact, further decline is still expected. As noted before, the Read more…
Daily Pivots: (S1) 1.0366; (P) 1.0381; (R1) 1.0389; More…. Intraday bias in EUR/CHF remains on the downside as fall from 1.0510 is in progress for 1.0324 low. Firm break there will resume larger down trend Read more…
Daily Pivots: (S1) 0.8302; (P) 0.8321; (R1) 0.8336; More… EUR/GBP is losing downside momentum as seen in 4 hour MACD. But after all, outlook stays bearish with 0.8377 resistance intact. Current down trend should continue Read more…
Daily Pivots: (S1) 1.5581; (P) 1.5660; (R1) 1.5732; More… Much volatility is seen in EUR/AUD but it’s staying in established range after all. Intraday bias remains neutral for the moment. On the downside, break of Read more…