Category: Cryptocurrencies

Daily Pivots: (S1) 0.6866; (P) 0.6975; (R1) 0.7030; More… Intraday bias in AUD/USD stays on the downside at this point. Pull back from 0.7156 short term top would target 55 day EMA (now at 0.6863) Read more…

Daily Pivots: (S1) 129.28; (P) 130.24; (R1) 132.15; More… USD/JPY’s break of 131.56 resistance confirms short term bottoming at 127.20, on bullish convergence condition in 4 hour MACD. Intraday bias is back on the upside Read more…

Daily Pivots: (S1) 0.9154; (P) 0.9211; (R1) 0.9317; More… Intraday bias in USD/CHF stays neutral with focus on 0.9285 resistance. Firm break there will confirm short term bottoming at 0.9058, and bring stronger rise to Read more…

Daily Pivots: (S1) 1.1979; (P) 1.2122; (R1) 1.2197; More… Intraday bias in GBP/USD stays on the downside for the moment. Fall from 1.2446 is seen as the third leg of the corrective pattern from 1.2445. Read more…

Daily Pivots: (S1) 1.0745; (P) 1.0842; (R1) 1.0892; More… Intraday bias in EUR/USD remains on the downside at this point. Fall form 1.1032 is correcting whole rise from 0.9534, and should target 1.0482 support, which Read more…

Yen opens the week broadly lower on rumors that current ultra-loose monetary policy would be maintained by the next BoJ governor. Meanwhile, markets are mixed elsewhere. Dollar is paring some gains after initial rally, but Read more…

BoJ Governor Haruhiko Kuroda told the parliament today, “with our monetary easing steps, we sought to stimulate economic activity and tighten the labour market so that prices and wages would rise more.” “This was a Read more…

Gold declined sharply last week on the back of strong rebound in Dollar following solid US job and services data. The development indicates short term topping at 1959.47. Deep pull back is now in favor Read more…

Key Highlights EUR/USD started a downside correction from the 1.1040 zone. It traded below a key bullish trend line at 1.0880 on the 4-hours chart. Gold price declined heavily below the $1,920 support zone. Crude Read more…

Yen tumbles broadly today after Nikkei newspaper reported, quoting unnamed source that current BoJ Deputy Governor Masayoshi Amamiya was approached by the government to take over Governor Haruhiko’s job. The news was seen as bearish Read more…