Daily Pivots: (S1) 0.8636; (P) 0.8661; (R1) 0.8695; More…. Intraday bias in USD/CHF is turned neutral with current recovery. On the downside, below 0.8605 will resume the pull back from 0.8727 to 0.8487 support. Break Read more…
Daily Pivots: (S1) 147.20; (P) 147.55; (R1) 148.02; More… Intraday bias in USD/JPY remains neutral as consolidation from 148.79 is extending. With 145.97 resistance turned support intact, further rally is in favor. As noted before, Read more…
Daily Pivots: (S1) 0.6564; (P) 0.6587; (R1) 0.6608; More… AUD/USD’s consolidation from 0.6524 is extending and intraday bias remains neutral at this point. With 0.6639 support turned resistance intact, further decline is expected. Firm break Read more…
Daily Pivots: (S1) 1.3450; (P) 1.3493; (R1) 1.3517; More… Intraday bias in USD/CAD remains neutral for the moment. Further rally is expected as long as 1.3414 minor support holds. Fall from 1.3897 should have completed Read more…
Daily Pivots: (S1) 0.9388; (P) 0.9407; (R1) 0.9425; More… Intraday bias in EUR/CHF is mildly on the downside at this point. Deeper pullback could be seen but downside should be contained above 0.9252 low to Read more…
Daily Pivots: (S1) 187.14; (P) 187.67; (R1) 188.17; More… Intraday bias in GBP/JPY remains neutral as consolidation from 188.90 is still extending. with 186.14 resistance turned support intact, further rally is expected. On the upside, Read more…
Daily Pivots: (S1) 159.58; (P) 160.28; (R1) 160.85; More… EUR/JPY’s retreat from 161.84 is extending and intraday bias remains neutral first. With 158.55 resistance turned support intact, further rally is in favor. On the upside, Read more…
DXY: The DXY (US Dollar Currency Index) chart is currently displaying a bearish overall momentum, indicating weakness in the US Dollar. According to your analysis, there is potential for a bearish continuation in the price Read more…
Summary It was a busy week for foreign central banks, with several offering their first monetary policy assessment of 2024. The Bank of Japan held monetary policy unchanged, but its announcement and updated economic forecasts Read more…
Key Highlights USD/JPY is showing signs of a downside correction from 148.80. It traded below a key bullish trend line with support at 147.75 on the 4-hour chart. EUR/USD is struggling to recover above the Read more…