Daily Pivots: (S1) 162.64; (P) 163.32; (R1) 164.61; More… EUR/JPY’s long term up trend resumed by breaking through 164.29 resistance. Intraday bias stays on the upside. Next near term target will be 61.8% projection of Read more…
Daily Pivots: (S1) 0.8531; (P) 0.8543; (R1) 0.8554; More… EUR/GBP is still bounded in range trading and intraday bias stays neutral. On the downside, decisive break of 0.8491/7 support zone will confirm larger down trend Read more…
Daily Pivots: (S1) 1.6572; (P) 1.6626; (R1) 1.6692; More… Intraday bias in EUR/AUD remains on the upside for retesting 1.6742 resistance first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance Read more…
Daily Pivots: (S1) 0.9626; (P) 0.9645; (R1) 0.9670; More.., Intraday bias in EUR/CHF stays on the upside for the moment. Current rally from 0.9252 would target 0.9683 key resistance next. Considering bearish divergence condition in Read more…
Yesterday’s Bank of Japan (BoJ) decision to exit the negative rates went quite smoothly for equities and bonds, relatively disquieting for the yen. The USDJPY spiked past 151.50 this morning on BoJ’s commitment to keep Read more…
In focus today In the US today’s main event will be the FOMC meeting. The Fed is widely expected to maintain monetary policy unchanged. Focus will be on any clues about the timing of the Read more…
UK CPI slowed from 4.0% yoy to 3.4% yoy in February, below expectation of 3.5% yoy. CPI core (excluding energy, food, alcohol and tobacco) slowed from 5.1% yoy to 4.5% yoy, below expectation of 4.6% Read more…
Short Term Elliott Wave view in Copper (HG) shows that the rally from 2.9.2024 low is in progress as a 5 waves impulse. Up from 2.9.2024 low, wave ((i)) ended at 3.9085 and dips in Read more…
EUR/USD started another decline from the 1.0960 resistance. USD/JPY surged and broke the 151.00 resistance zone. Important Takeaways for EUR/USD and USD/JPY Analysis Today The Euro started a fresh decline below the 1.0900 support zone. Read more…
Daily Pivots: (S1) 1.3525; (P) 1.3570; (R1) 1.3610; More… Intraday bias in USD/CAD remains on the upside at this point. Current rally from 1.3176 is in progress for 61.8% projection of 1.3176 to 1.3540 from Read more…