Daily Pivots: (S1) 171.04; (P) 173.24; (R1) 174.90; More… EUR/JPY recovered after falling sharply to 171.50. While further decline might be seen, strong support is expected from 170.87 resistance turned support to bring rebound. That Read more…
Daily Pivots: (S1) 0.8407; (P) 0.8422; (R1) 0.8430; More…. Intraday bias in EUR/GBP remains on the downside at this point. Corrective recovery form 0.8396 should have completed at 0.8498 after rejection by 55 D EMA. Read more…
Daily Pivots: (S1) 1.6038; (P) 1.6062; (R1) 1.6101; More… EUR/AUD recovered ahead of 1.5996 low as consolidations continued. Intraday bias remains neutral first. Also, outlook stays bearish as long as 1.6211 support turned resistance holds. Read more…
Daily Pivots: (S1) 0.9717; (P) 0.9734; (R1) 0.9760; More…. Intraday bias in EUR/CHF remains neutral as consolidation continues below 0.9753. Another dip cannot be ruled out yet, but further rally is expected with 0.9639 support Read more…
Daily Pivots: (S1) 1.3599; (P) 1.3623; (R1) 1.3658; More… USD/CAD dipped to 1.3588 but recovered after hitting 1.3589 support. Intraday bias remains neutral first. Outlook is unchanged that corrective pattern from 1.3845 could extend. Break Read more…
Daily Pivots: (S1) 0.6736; (P) 0.6767; (R1) 0.6792; More… AUD/USD’s rally is in progress and intraday bias remains on the upside for 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there Read more…
I don’t know for the Federal Reserve (Fed) but investors definitely got to the evidence that inflation is on a right path to justify a Fed rate cut sooner rather than later yesterday after the Read more…
Daily Pivots: (S1) 1.0829; (P) 1.0864; (R1) 1.0904; More…. Intraday bias in EUR/USD remains on the upside for retesting 1.0915 resistance. Decisive break there will resume whole rally from 1.0601 and target 100% projection of Read more…
Japanese Yen is currently the best performer of the week, bolstered by alleged intervention by Japanese authorities overnight. Both Finance Minister Shunichi Suzuki and outgoing top currency official Masato Kanda declined to confirm whether Japan Read more…
GBPUSD broke above the previous peak on 6.12.2024 which opens up a bullish sequence from 4.22.2024 low. Rally from there is unfolding as a 5 waves impulse Elliott Wave structure where wave 1 ended at Read more…