EURUSD switches back to losses after touching resistance Technical signals weaken but bears not in control yet EURUSD was harshly pressured after touching its 50-day exponential moving average (EMA), erasing almost all the gains it Read more…
ECB expected to pause at today’s meeting The euro continues to lose ground and has fallen over 1% since Monday. In the European session, EUR/USD is trading at 1.0545, down 0.19%. Will the ECB take Read more…
GBPUSD fell to the lowest in three weeks in early Thursday, pressured by renewed risk aversion on growing concerns that interest rates would stay high for longer period. Bear-leg off 1.2288 (Oct 24 lower top) Read more…
Daily Pivots: (S1) 181.53; (P) 182.05; (R1) 182.46; More… Intraday bias in GBP/JPY stays neutral at this point. With 181.00 support intact, further rise is in favor. The favored case is still that correction from Read more…
Daily Pivots: (S1) 158.46; (P) 158.70; (R1) 158.99; More…. Intraday bias in EUR/JPY remains neutral for the moment. Further rise is in favor as long as 157.67 support holds. Above 159.90 will resume larger up Read more…
Daily Pivots: (S1) 0.8710; (P) 0.8719; (R1) 0.8732; More…. Intraday bias in EUR/GBP stays neutral at this point. Consolidation from 0.8739 might still extend. But downside of retreat should be contained well above 0.8614 support Read more…
Daily Pivots: (S1) 1.6620; (P) 1.6689; (R1) 1.6819; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, above 1.6843 will resume the rebound from 1.6319. Firm break there will resume larger Read more…
Daily Pivots: (S1) 0.9458; (P) 0.9474; (R1) 0.9491; More… EUR/CHF is staying in sideway consolidation and intraday bias stays neutral. Outlook remains bearish with 0.9532 resistance intact. On the downside, decisive break of 0.9407 medium Read more…
The minor pull-back of Spot Gold (XAU/USD) from last Friday, 20 October high of US$1,997 may have ended on Tuesday, 24 October with an intraday low of US$1,953. Daily and 1-hour RSI indicators are showing Read more…
Short term Elliott Wave View in S&P 500 (SPX) suggests that cycle from 7.28.2023 high is in progress as a diagonal structure. Down from 7.28.2023 high, wave 1 ended at 4344.75 and rally in wave Read more…