Analysing the long-term BTC/USD chart from 16th May, we constructed a “roadmap” for Bitcoin’s price, resembling an expanding fan consisting of a median and support levels below it, and resistance levels above it. Reviewing the Read more…
The Japanese yen showed significant strength against the US dollar late last week, with the USD/JPY pair currently stabilizing around 157.86. This marks the lowest level for the currency pair in nearly a month. The Read more…
EURUSD edges higher after break above SMAs The pair advances to its highest level since June 4 Oscillators suggest that bullish forces are strengthening EURUSD has been in a steady uptrend after the bullish breakout from Read more…
Markets The US dollar is losing interest rate support at stealth pace. Since the awful June service ISM (July 3), the US 2-yr yield fell from 4.75% to 4.45% currently. The US 10-yr yield slid Read more…
Bitcoin jumps sharply higher today as rebound from 53426 extended. The break of 55 D EMA (now at 62400) is taken as a sign that corrective pattern from 73812 has completed with three waves down Read more…
Daily Pivots: (S1) 203.83; (P) 205.09; (R1) 206.33; More… GBP/JPY’s correction from 208.09 short term top could extend lower. Below 203.82 will target 38.2% retracement of 191.34 to 208.09 at 201.69. Strong support is expected Read more…
Daily Pivots: (S1) 171.26; (P) 172.35; (R1) 173.23; More… EUR/JPY’s pull back from 175.41 short term top could extend lower. But downside should be contained by 170.87 and bring rebound, to set the range for Read more…
Daily Pivots: (S1) 0.8385; (P) 0.8404; (R1) 0.8415; More…. Intraday bias in EUR/GBP stays on the downside at this point. Larger down trend is resuming and should target 61.8% projection of 0.8619 to 0.8396 from Read more…
Daily Pivots: (S1) 1.6054; (P) 1.6072; (R1) 1.6096; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.5996 continues. While another recovery cannot be ruled out, further decline is expected as long as 1.6211 Read more…
Daily Pivots: (S1) 0.9719; (P) 0.9739; (R1) 0.9777; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rise from 0.9476 is in progress and should target 0.9928 high next. On the downside, Read more…