Daily Pivots: (S1) 0.9124; (P) 0.9141; (R1) 0.9161; More…. Intraday bias in USD/CHF as consolidation from 0.9090 is still in progress. On the downside, firm break of 0.9084 support will argue that choppy rise from Read more…
DXY: On the H4 timeframe, price is consolidating in a descending channel and is on bearish momentum. We expect a dip from our 1st resistance at 95.254 towards our 1st support at 94.620 in line Read more…
Daily Pivots: (S1) 114.29; (P) 114.47; (R1) 114.79; More… USD/JPY’s rebound from 113.47 accelerated higher today. While further rise cannot be ruled out, we’re not expecting a break of 116.34 for now. Instead, the corrective Read more…
Dollar is making a strong come back in Asian session today, as 10-year yield powers up to 1.85 level. Yen is under some selling pressure after BoJ stood pat as expected, and delivered little surprise Read more…
BoJ left monetary policy unchanged. Under the yield curve control, short-term policy interest rate is held unchanged at -0.1%. BoJ will also buy a “necessary amount” of JGB bonds to keep 10-year yield at around Read more…
In the The latest NZIER Quarterly Survey of Business Opinion, a net 34.4% of New Zealand businesses expect a deterioration in general economic conditions over the coming months, much worse than prior quarter’s 11.1%. Trading Read more…
Key Highlights GBP/USD rallied after it broke the 1.3500 resistance zone. A crucial bullish trend line is forming with support near 1.3610 on the 4-hours chart. EUR/USD corrected lower from the 1.1480 resistance zone. The Read more…
The year started only a couple of weeks ago, but we already have a lot of fascinating movements in various trading instruments. To help you in trading, we choose several forex pairs that may surprise Read more…
USDJPY reversed from support level 113.50 Likely to rise to resistance level 115.00 USDJPY currency pair recently reversed up with the clearly formed daily Hammer from the support level 113.50 (which has been reversing the Read more…
AUDNZD reversed from support level 1.0575 Likely to rise to resistance level 1.0640 AUDNZD currency pair recently reversed up from the key support level 1.0575 (low of the sideways price range, which has been reversing Read more…