The XAU/USD rate fluctuates around $1,987 – the July high was formed around this price. And having overcome it, the market stabilized, as evidenced by the ADX indicator, which dropped to its minimum for the Read more…
The dollar index remains constructive and holding near three-week high in early Friday, despite that the rally in past three days was rejected on Thursday (inverted hammer). Short-term action holds in extended consolidation, entrenched within Read more…
GBPJPY rebounded strongly from a 3-month low Gets stuck in a range after the 50-day SMA curbs advance RSI and MACD are hovering around their neutral regions GBPJPY had been in a prolonged uptrend since January, posting an Read more…
USDJPY unlocks new high above 150 but with weak momentum Technical signals mixed; support at 149.43 USDJPY escaped the FX intervention risk on Thursday despite closing marginally above the 150 round level for the second Read more…
Daily Pivots: (S1) 181.49; (P) 182.04; (R1) 182.96; More… Intraday bias in GBP/JPY remains neutral and outlook is unchanged. With 181.00 support intact, further rise is in favor. The favored case is still that correction Read more…
Daily Pivots: (S1) 158.28; (P) 158.59; (R1) 159.19; More…. Intraday bias in EUR/JPY stays neutral at this point. Further rise is in favor as long as 157.67 support holds. Above 159.90 will resume larger up Read more…
Daily Pivots: (S1) 0.8690; (P) 0.8712; (R1) 0.8732; More…. Outlook in EUR/GBP is unchanged and intraday bias remains neutral. Consolidation from 0.8739 might still extend. But downside of retreat should be contained well above 0.8614 Read more…
Daily Pivots: (S1) 1.6645; (P) 1.6735; (R1) 1.6799; More… Range trading continues in EUR/AUD and intraday bias stays neutral. On the upside, above 1.6843 will resume the rebound from 1.6319. Firm break there will resume Read more…
Daily Pivots: (S1) 0.9471; (P) 0.9485; (R1) 0.9511; More… Intraday bias in EUR/CHF remains neutral as range trading continues. Outlook remains bearish with 0.9532 resistance intact. On the downside, decisive break of 0.9407 medium term Read more…
Daily Pivots: (S1) 1.3800; (P) 1.3822; (R1) 1.3854; More… Intraday bias in USD/CAD stays on the upside for further rally to retest 1.3976 high. Decisive break there will resume larger up trend. On the downside, Read more…