The Euro remains at the front foot in and continues a gradual extension higher after the pullback from December’s high at 1.0736 (posted on Dec 15, the highest in seven months), found solid ground at Read more…
XAGUSD suggests the development of the corrective wave b, which is part of the global zigzag. Correction b most likely takes the form of a triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four primary waves are completed, Read more…
The Dax 40 steadied as US PCE and durable goods showed a slowdown in November. On the daily chart, after the index hit June’s high of 14650 – a boundary between bearish continuation and bullish Read more…
The Australian dollar recovers over a rebound in risk appetite. Stiff selling at September’s high of 0.6880 had put a dent to the market’s recovery mood. Short-term traders have taken some chips off the table Read more…
The Canadian dollar edged higher after its economy grew by 0.1% in October. The US counterpart had recovered along a rising trendline from mid-November but hit resistance in the supply zone between 1.3700 and last Read more…
It has been quite a quiet start to the week with many major markets still closed for Xmas holiday, but no one saw Santa coming this year, have you? On the contrary, the Bank of Read more…
Daily Pivots: (S1) 159.65; (P) 160.37; (R1) 161.10; More… Intraday bias in GBP/JPY stays neutral at this point. Further decline is expected as long as 162.24. Break of 158.57 will target 161.8% projection of 172.11 Read more…
Daily Pivots: (S1) 140.58; (P) 141.12; (R1) 141.89; More…. Intraday bias in EUR/JPY remains neutral with focus on 141.60 minor resistance. Firm break there will bring stronger rebound to 55 day EMA (now at 143.38). Read more…
Daily Pivots: (S1) 0.8796; (P) 0.8806; (R1) 0.8823; More… Intraday bias in EUR/GBP is turned neutral with 4 hour MACD crossed below signal line. On the upside, decisive break of 08827 resistance will argue that Read more…
Daily Pivots: (S1) 1.5776; (P) 1.5829; (R1) 1.5865; More… Intraday bias in EUR/AUD stays neutral as consolidation form 1.5976 is extending. Further rally will remain in favor as long as 1.5441 support holds. Break of Read more…