Daily Pivots: (S1) 0.6788; (P) 0.6807; (R1) 0.6820; More… Range trading continues in AUD/USD and intraday bias stays neutral. On the downside, sustained break of 38.2% retracement of 0.6169 to 0.6892 at 0.6616 will indicate Read more…
Daily Pivots: (S1) 1.3537; (P) 1.3564; (R1) 1.3603; More…. Intraday bias in USD/CAD stays neutral at this point. On the upside, break of 1.3704 will resume the rebound from 1.3224 to retest 1.3976 high. On Read more…
Daily Pivots: (S1) 0.8833; (P) 0.8853; (R1) 0.8870; More… EUR/GBP continues to lose upside momentum as seen in 4 hour MACD. But further rise is in favor as long as 0.8792 support holds. Current rise Read more…
Daily Pivots: (S1) 1.5623; (P) 1.5678; (R1) 1.5730; More… EUR/AUD is still extending the corrective pull back from 1.5976 and intraday bias stays neutral. Further rally will remain in favor as long as 1.5441 support Read more…
Daily Pivots: (S1) 0.9835; (P) 0.9871; (R1) 0.9893; More…. EUR/CHF is still bounded in consolidation from 0.9953 and intraday bias stays neutral. Outlook is also unchanged. On the upside, firm break of 0.9953 resistance will Read more…
Daily Pivots: (S1) 138.98; (P) 139.72; (R1) 140.16; More…. EUR/JPY’s decline from 148.38 resumed by breaking through 138.79 support and intraday bias is back on the downside. Next target is 135.40 fibonacci level. On the Read more…
Daily Pivots: (S1) 156.95; (P) 157.87; (R1) 158.37; More… GBP/JPY’s decline from 172.11 resumed by breaking through 158.57 support. Intraday bias is back on the downside for 161.8% projection of 172.11 to 163.02 from 169.26 Read more…
Yen rises broadly and strongly in Asian session today even though Japan remains on holiday. The strength is rather overwhelming, and with some near term resistance levels taken out, more upside is in favor for Read more…
USD/JPY: Looking at the H4 chart, my overall bias for USDJPY is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market. If this bearish momentum continues, expect price to Read more…
Cycle from 9.13.2022 high is in progress as a 5 waves impulse Elliott Wave structure and the structure is nearing the end. Down from 9.13.2022 high, wave (1) ended at 104.51, and wave (2) rally ended Read more…