Daily Pivots: (S1) 1.2379; (P) 1.2441; (R1) 1.2477; More… Intraday bias in GBP/USD remains neutral for consolidations below 1.2504 temporary top. Downside should be contained by 55 4H EMA (now at 1.2311) to bring another Read more…
Daily Pivots: (S1) 0.8837; (P) 0.8933; (R1) 0.8988; More…. Intraday bias in USD/CHF stays on the downside at this point. Fall from 0.9243 is in progress and should target 100% projection of 0.9243 to 0.8886 Read more…
Daily Pivots: (S1) 150.49; (P) 150.95; (R1) 151.86; More… Intraday bias in USD/JPY stays neutral as range trading continues. Further rally is in favor as long as 149.17 support holds. On the upside, decisive break Read more…
Daily Pivots: (S1) 1.3655; (P) 1.3683; (R1) 1.3710; More… Intraday bias in USD/CAD is turned neutral first with current recovery. Overall outlook is unchanged that price actions from 1.3897 are developing into a consolidation pattern. Read more…
Yesterday was about digesting Tuesday’s softer-than-expected US CPI data, feeling relieved that the US Senate passed a stopgap spending bill to avert a government shutdown and welcoming a softer-than-expected producer price inflation, and a softer-than-expected Read more…
Market movers today Today’s US data is not the kind that usually moves markets a lot: industrial production, NAHB housing market index and Philly Fed index for November. On the latter, we saw a quite Read more…
Daily Pivots: (S1) 0.6481; (P) 0.6512; (R1) 0.6540; More… Despite spiking higher to 0.6541, subsequent retreat in AUD/USD suggests that a temporary top was formed. Intraday bias is turned neutral for some consolidations first. Downside Read more…
Australian Dollar weakens broadly in Asian session, as Australian employment data and shifting global risk sentiment take center stage. The mixed nature of the latest Australian jobs report is causing a rethink among investors regarding Read more…
CHFJPY continues to make a sequence of higher high suggesting the pair is in a bullish market. Recent impulsive move higher looks incomplete and pair should continue to extend higher. Sequence from 10.3.2023 low is Read more…
DXY: The DXY (US Dollar Index) chart currently displays a bearish overall momentum, suggesting the potential for a bearish reaction off the 1st resistance level, followed by a drop towards the 1st support. The 1st Read more…