GBPUSD finds support at uptrend line But short-term outlook remains neutral MACD and RSI are mixed GBPUSD rebounded off the 200-day simple moving average (SMA), which coincides with the 1.2595 support level and the medium-term Read more…
In a modest uptick, Germany’s GfK Consumer Sentiment Index for April has slightly improved to -27.4 from March’s -28.8, marginally above expectation of -27.8. March’s data revealed an improvement in economic expectations and income outlooks, Read more…
Markets In a more or less synchronic, technically inspired move US, EMU and UK bond markets reversed most of Friday’s rally. Eco data were few and mostly second tier. Marginally softer-than-expected US new homes sales Read more…
In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of Bitcoin ticker symbol: $BTCUSD. We presented to members at the elliottwave-forecast. In which, the rally from the Read more…
Short Term Elliott Wave view in Gold (XAUUSD) suggests that Gold ended the cycle from 12.13.2023 low. Rally from 12.13.2023 low unfolded as an impulse. Up from there, wave ((i)) ended at 2088.48 and dips Read more…
The week kicked off with a pause in the equity rally on both sides of the Atlantic Ocean. Nikkei index is mostly flat on Tuesday and the yen consolidates above 151 following yesterday’s threat from Read more…
In focus today From the US, durable goods orders are due for release for February and Conference Board will release its consumer confidence survey for March. Consumer confidence has improved gradually over the winter as Read more…
Daily Pivots: (S1) 1.0812; (P) 1.0827; (R1) 1.0852; More… Intraday bias in EUR/USD remains neutral for consolidation s above 1.0801 temporary low. Risk will stay on the downside as long as 55 4H EMA (now Read more…
Daily Pivots: (S1) 151.13; (P) 151.35; (R1) 151.64; More… Intraday bias in USD/JPY remains neutral as consolidation from 151.82 is still extending. Further rally is expected as long as 150.25 support holds. On the upside, Read more…
Daily Pivots: (S1) 1.2602; (P) 1.2627; (R1) 1.2663; More… Intraday bias in GBP/USD remains neutral as consolidations from 1.2574 is extending. Risk will stay on the downside as long as 55 4H EMA (now at Read more…