Daily Pivots: (S1) 0.6699; (P) 0.6718; (R1) 0.6747; More… Intraday bias in AUD/USD remains neutral for the moment. On the downside, sustained break of 38.2% retracement of 0.6169 to 0.6892 at 0.6616 will indicate rejection Read more…
Daily Pivots: (S1) 132.36; (P) 132.80; (R1) 133.33; More… Intraday bias in USD/JPY stays neutral at this point. Immediate focus remains on 55 week EMA (now at 131.78). Decisive break there will pave the way Read more…
Daily Pivots: (S1) 0.9306; (P) 0.9326; (R1) 0.9343; More… USD/CHF is staying in sideway trading from 0.9214 and intraday bias remains neutral. Further decline is in favor with 0.9378 resistance intact. On the downside, break Read more…
Daily Pivots: (S1) 1.2053; (P) 1.2068; (R1) 1.2085; More… Intraday bias in GBP/USD is turned neutral with current recovery. On the downside, break of 1.1991 will resume the fall from 1.2445 to EMA (now at Read more…
Daily Pivots: (S1) 1.0615; (P) 1.0628; (R1) 1.0652; More… EUR/USD recovers after drawing support from 4 hour 55 EMA but stays below 1.0733 resistance. Intraday bias remains neutral for the moment. Further rally is expected Read more…
Yen and Dollar are trading mildly lower in quiet trading in Asia, which is not totally back from holiday yet. Australian Dollar is the stronger one, followed by other commodity currencies and Sterling. On the Read more…
Platinum (PL) continues to trade sideways and the metal is in the process of forming an important low before the next major bullish cycle starts. The Federal Reserve has aggressively hiked rates multiple times, creating 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…
Short term, Elliott wave view in Nasdaq (NQ) suggests that the decline from 8.16.2022 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 8.16.2022 high, wave (1) ended at 10890.75 and Read more…
Key Highlights GBP/USD corrected lower from the 1.2450 zone. It traded below a major bullish trend line with support at 1.2330 on the 4-hours chart. EUR/USD corrected lower and tested the 1.0580 zone. Gold price Read more…