Daily Pivots: (S1) 1.3646; (P) 1.3680; (R1) 1.3737; More… Intraday bias in GBP/USD remains on the upside as rise from 1.3158 is extending. No change in the view that corrective fall from 1.4282 should have Read more…
Daily Pivots: (S1) 0.9101; (P) 0.9172; (R1) 0.9215; More…. Intraday bias in USD/CHF remains on the downside for 0.9084/9101 support zone. Firm break there will argue that choppy rise from 0.8925 has completed. Deeper fall Read more…
Daily Pivots: (S1) 114.19; (P) 114.83; (R1) 115.28; More… USD/JPY’s fall from 116.34 accelerated lower. But we’ll still expect strong support from 114.26 resistance turned support to bring rebound. On the upside, above 115.03 minor Read more…
Daily Pivots: (S1) 1.2474; (P) 1.2527; (R1) 1.2558; More… USD/CAD’s fall from 1.2962 is still in progress and intraday bias stays on the downside. Rise from is finished at 1.2963, and possibly the whole pattern Read more…
Daily Pivots: (S1) 0.7226; (P) 0.7259; (R1) 0.7318; More… AUD/USD’s rebound from 0.6992 resumed by breaking through 0.7277 resistance. The development revives the case that correction form 0.8006 has completed after defending 0.6991. Intraday bias Read more…
Dollar’s post CPI selloff continues today and remains generally weak. For now, Swiss Franc is the second worst performer for the week, followed by Euro. Commodity currencies are the strongest, with Aussie overtaking Canadian. Sterling Read more…
Dollar index tumbled sharply overnight and dived through 55 day EMA to close at 94.91. At this point, price actions from 96.93 are seen as a correction only. Hence, we’d look for strong support at Read more…
Short Term Elliott Wave View in Bitcoin shows a 5 swing bearish sequence from November 10, 2021 high favoring more downside. Decline from there is unfolding as a double three Elliott Wave structure. Down from Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation to test our 1st resistance at 95.062 in line with 127.2% Fibonacci extension Read more…
San Francisco Fed President Mary Daly said inflation is “uncomfortably high” in the US. And, it’s time to “start removing some of the accommodation we’ve been giving to the economy,” “I definitely see rate increases Read more…