Daily Pivots: (S1) 0.8556; (P) 0.8570; (R1) 0.8585; More…. Intraday bias in EUR/GBP is turned neutral as a temporary low is formed at 0.8552. Some consolidations could be seen and stronger recovery cannot be ruled Read more…
Daily Pivots: (S1) 1.6295; (P) 1.6392; (R1) 1.6446; More… EUR/AUD falls sharply after rejection by 55 4H EMA, but stays above 1.6267 low. Intraday bias remains neutral first and outlook remains bearish. On the downside, Read more…
Daily Pivots: (S1) 0.9413; (P) 0.9438; (R1) 0.9471; More… EUR/CHF recovered after breaching 0.9407 low briefly and intraday bias is turned neutral. Some consolidations would be seen but further fall is expected as long as Read more…
Markets The Japanese yen stays top of mind. BoJ deputy governor Himino and his boss Ueda triggered a scorching rally amid rising bets of an imminent (December 19) policy shift. USD/JPY fell from an open Read more…
Recent bizarre hawkish rhetoric from BoJ top officials ahead of Japan’s 2024 nationwide spring wage negotiations sparked a further rally in JPY. Increasing expectations of a BoJ pivot to scrap its decade-long plus of short-term Read more…
Cycle from 10.4.2023 low in Nikkei Futures (NKD) is in progress as a 5 waves Elliott Wave diagonal. Up from 10.4.2023 low, wave 1 ended at 32690 and pullback in wave 2 ended at 30405. Read more…
Key Highlights USD/JPY started a major decline below the 146.20 support. A major bearish trend line is forming with resistance near 146.20 on the 4-hour chart. EUR/USD is consolidating near the 1.0765 support zone. The Read more…
Yesterday was finally the day that most FX traders have been waiting for since at least a year: the day where the Bank of Japan (BoJ) gave a hint that it will finally exit its Read more…
Daily Pivots: (S1) 1.3584; (P) 1.3601; (R1) 1.3619; More… Range trading continues in USD/CAD and intraday bias stays neutral. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be Read more…
Daily Pivots: (S1) 0.6531; (P) 0.6565; (R1) 0.6582; More… AUD/USD recovered after hitting 0.6524 and intraday bias is turned neutral first. Some consolidations would be seen, but risk stays mildly on the downside as long Read more…