Daily Pivots: (S1) 0.6630; (P) 0.6652; (R1) 0.6668; More… AUD/USD jumps notably today but stays in consolidations below 0.6713. Intraday bias remains neutral at this point. Further rally is in favor with 0.6578 cluster support Read more…
Daily Pivots: (S1) 1.3633; (P) 1.3657; (R1) 1.3682; More… Further decline is expected in USD/CAD as long as 1.3717 minor resistance holds. Corrective pattern from 1.3845 is now in the third leg. Deeper decline would Read more…
Daily Pivots: (S1) 0.9569; (P) 0.9582; (R1) 0.9600; More…. EUR/CHF is staying in consolidation from 0.9476 and intraday bias stays neutral. Outlook will remain bearish as long as 0.9683 resistance holds. On the downside, break Read more…
Daily Pivots: (S1) 202.14; (P) 202.43; (R1)202.90; More… Intraday bias in GBP/JPY stays on the upside. Firm break of 61.8% projection of 191.34 to 200.72 from 197.18 at 202.97. will pave the way to 100% Read more…
Daily Pivots: (S1) 170.74; (P) 171.07; (R1) 171.43; More… Intraday bias in EUR/JPY remains neutral at this point. Some consolidations could be seen first but further rally will remain in favor as long as 169.31 Read more…
Daily Pivots: (S1) 0.8430; (P) 0.8447; (R1) 0.8464; More… Intraday bias in EUR/GBP stays neutral first and outlook remains bearish with 0.8482 support turned resistance intact. On the downside, below 0.8429 minor support will bring Read more…
EURJPY stands well above uptrend line RSI flattens but MACD strengthens its momentum EURJPY has rebounded off the long-term ascending trend line near 167.70, sending the market above the previous peak of 170.80. A successful jump above the Read more…
Short Term Elliott Wave in USDJPY shows incomplete bullish sequence from 6.4.2024 low favoring more upside. Up from 6.4.2024 low, wave 1 ended at 157.4 as the 1 hour chart below shows. Pullback in wave Read more…
European Central Bank (ECB) policymaker Olli Rehn stated on Wednesday that market expectations of the ECB reducing interest rates twice more this year, reaching 2.25% by 2025, are “reasonable,” according to Bloomberg. The Finnish central Read more…
The Australian dollar (AUD) rallied after surprising inflation data for May came in higher than expected. Australia’s annual inflation accelerated to 4.0% in May, up from 3.6% in April, surpassing the forecast of 3.8%. Core Read more…