Daily Pivots: (S1) 0.8813; (P) 0.8868; (R1) 0.8907; More… USD/CHF’s fall from 0.9223 resumed by breaking 0.8819 support. Intraday bias stays on the downside for 61.8% retracement of 0.8332 to 0.9223 at 0.8672. For now, Read more…
Daily Pivots: (S1) 152.68; (P) 154.33; (R1) 155.56; More… USD/JPY’s fall from 161.94 continues today and there is no sign of bottoming. Intraday bias remains on the downside for 151.89 resistance turned support. Decisive break Read more…
EURUSD retraces lower after hitting 4-month high The bears eye converging 50- and 200-day SMAs Oscillators deteriorate but remain in positive zones EURUSD had been rising steadily following its bullish breakout from a downward sloping trendline in Read more…
Markets Market focus yesterday initially was on the PMI releases. Later sentiment turned sharply risk-off even as there was no outright link between both storylines. EMU PMI’s (50.1 from 50.9) indicated that activity came to Read more…
Daily Pivots: (S1) 0.6566; (P) 0.6593; (R1) 0.6608; More… AUD/USD’s fall from 0.6798 accelerates lower today and there is no sign of bottoming. Intraday bias stays on the downside for 61.8% retracement of 0.6361 to Read more…
Daily Pivots: (S1) 1.3786; (P) 1.3801; (R1) 1.3824; More… Intraday bias in USD/CAD remains on the upside for retesting 1.3845 high. Decisive break there will resume whole rally from 1.3176. Next target is 61.8% projection Read more…
Daily Pivots: (S1) 197.22; (P) 199.20; (R1) 200.63; More… There is no sign of bottoming in GBP/JPY yet as fall from 208.09 continues today. Intraday bias stays on the downside. Sustained trading below 38.2% retracement Read more…
Daily Pivots: (S1) 165.57; (P) 167.39; (R1) 168.64; More… EUR/JPY’s steep decline from 175.41 extends further today and there is no sign of bottoming yet. Medium term channel support is also breached. Intraday bias stays Read more…
Daily Pivots: (S1) 0.8389; (P) 0.8403; (R1) 0.8413; More…. Range trading continues in EUR/GBP and intraday bias stays neutral. While rebound from 0.8382 could extend higher, outlook will stay bearish as long as 0.8498 resistance Read more…
Daily Pivots: (S1) 1.6423; (P) 1.6450; (R1) 1.6498; More… EUR/AUD’s rally from 1.5996 accelerates higher today and intraday bias stays on the upside for 1.6742 resistance. Decisive break there will argue that larger up trend Read more…