EURJPY opened the week with a doji candlestick slightly lower than the 20-day SMA at 156.30, following its rebound from the March support trendline. The trendline bounce indicates the positive trend will persist, yet Monday’s Read more…
The US 500 cash index continues its advance, and it is currently trading at the highest level since April 6, 2022. The move since the March 13, 2023 low has been exponential with the lack Read more…
Daily Pivots: (S1) 138.01; (P) 138.71; (R1) 139.41; More… Intraday bias in USD/JPY remains neutral as consolidation from 137.22 is extending. Upside of recovery should be limited by 55 4H EMA (now at 140.18) and Read more…
DXY: The DXY (US Dollar Index) chart is currently showing a bearish momentum This suggests that the price could potentially continue to descend towards the 1st support level. The 1st support level is found at Read more…
Daily Pivots: (S1) 0.8578; (P) 0.8604; (R1) 0.8629; More… Intraday bias in USD/CHF remains neutral for the moment. Consolidation from 0.8564 could extend, but upside of recovery should be limited below 0.8818 support turned resistance Read more…
Stance of policy described as “clearly restrictive” and more prominence given to possible downside risks to growth but persistence of high inflation and tight labour market conditions still look to be the main factors shaping Read more…
Key Highlights GBP/USD is showing positive signs above the 1.3000 resistance. A major bullish trend line is forming with support near 1.2940 on the 4-hour chart. EUR/USD is extending gains above the 1.1240 level. Gold Read more…
Australian dollar soared over 2% last week RBA minutes to be released on Tuesday RBA Governor Lowe will be replaced by Michelle Bullock The Australian dollar has started the week in negative territory. In the Read more…