Daily Pivots: (S1) 1.6499; (P) 1.6546; (R1) 1.6582; More… Further decline is expected in EUR/AUD with 1.6662 resistance intact. Firm break of 1.6449 support will argue that the pattern from 1.6319 has completed at 1.6844 Read more…
Daily Pivots: (S1) 0.9638; (P) 0.9647; (R1) 0.9663; More… Intraday bias in EUR/CHF remains neutral as it’s still stuck in sideway trading. Overall, further rally is expected with 0.9595 support intact. Decisive break of 0.9691 Read more…
Daily Pivots: (S1) 1.3547; (P) 1.3585; (R1) 1.3610; More… USD/CAD’s decline extends today and the break of 38.2% retracement of 1.3091 to 1.3897 at 1.3589 indicates deeper correction is underway. Intraday bias remains on the Read more…
Daily Pivots: (S1) 0.6609; (P) 0.6637; (R1) 0.6678; More… AUD/USD’s rally is still in progress and intraday bias stays on the upside. Sustained break of channel resistance (now at 0.6663) will argue that whole decline Read more…
Daily Pivots: (S1) 1.0950; (P) 1.0980; (R1) 1.1024; More… EUR/USD’s rally resumed by breaking through 1.0964 and intraday bias is back on the upside. Current rise from 1.0447 should now target 1.1274 resistance next. But Read more…
Daily Pivots: (S1) 1.2631; (P) 1.2673; (R1) 1.2739; More… GBP/USD’s rally is still in progress and intraday bias stays on the upside. 4H MACD indicates that it’s picking up momentum again. Sustained trading above 61.8% Read more…
Daily Pivots: (S1) 0.8756; (P) 0.8787; (R1) 0.8813; More…. USD/CHF’s fall is still in progress and intraday bias remains on the downside. Firm break of 100% projection of 0.9243 to 0.8886 from 0.9111 at 0.8754 Read more…
DXY: The DXY (US Dollar Index) could potentially make a Bearish continuation towards the 1st support. The 1st support at 102.30 is identified as a pullback support. This suggests that it’s a significant level where Read more…
Daily Pivots: (S1) 146.92; (P) 147.87; (R1) 148.43; More… USD/JPY’s decline continues today and break of 147.14 support confirms resumption of whole fall from 151.89. Intraday bias stays on the downside at this point. Sustained Read more…
Dollar’s decline finally takes off again overnight, following dovish comments from some Fed officials. In particular, Fed Governor Christopher Waller, typically known for his hawkish views, softened his stance and expressed a level of satisfaction Read more…