Daily Pivots: (S1) 0.8318; (P) 0.8335; (R1) 0.8345; More… EUR/GBP is staying in range of 0.8304/8421 and intraday bias remains neutral first. Near term outlook stays bearish as long as 0.8421 resistance holds. Break of Read more…
Daily Pivots: (S1) 1.5790; (P) 1.5830; (R1) 1.5880; More… Outlook in EUR/AUD remains unchanged. With 1.5712 minor support intact, further is still mildly in favor to 1.6168 resistance. However, on the downside, break of 1.5712 Read more…
Daily Pivots: (S1) 1.0375; (P) 1.0391; (R1) 1.0405; More…. No change in EUR/CHF’s outlook as consolidation from 1.0298 is still extending. Intraday bias stays neutral first. In case of stronger recovery, upside should be limited Read more…
Daily Pivots: (S1) 129.12; (P) 129.30; (R1) 129.54; More…. Intraday bias in EUR/JPY remains neutral as consolidation from 128.23 is still extending. Outlook is unchanged that corrective pattern from 134.11 is extending with another falling Read more…
The short-term Elliott wave view in AUDUSD suggests that the decline from January 13, 2022 high unfolded in 5 wave impulse sequence & showing a bearish sequence favoring further downside in the pair. While the Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding to a daily ascending trendline. We would expect potentially a bounce from our 1st support at 95.583 in line with 61.8% Fibonacci retracement Read more…
Daily Pivots: (S1) 154.95; (P) 155.19; (R1) 155.57; More… GBP/JPY is staying in consolidation from 152.88 and intraday bias remains neutral. Further fall is still in favor with 155.38 minor resistance intact. Break of 152.88 Read more…
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Read more…
Two central banks will announce monetary policy decisions today. BoE is generally expected to deliver a back-to-back rate hike and raise Bank Rate by 25bps to 0.50%. The central bank would also reveal the approach Read more…
Australia NAB business confidence jumped from -2 to 18 in Q4. Current business conditions was unchanged at 12. Conditions for the next 3 months rose from 8 to 30. Conditions for the next 12 months Read more…