Half a month ago we were talking about AUDUSD. Most likely, the currency forms a bearish triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ, where the primary wave Ⓩ is a simple zigzag (A)-(B)-(C). At the moment, an impulse wave Read more…
Daily Pivots: (S1) 157.07; (P) 162.05; (R1) 165.48; More… Intraday bias in GBP/JPY remains on the downside for the moment. Firm break of 100% projection of 172.11 to 163.02 from 169.26 at 160.17 will target Read more…
Daily Pivots: (S1) 137.25; (P) 141.54; (R1) 144.28; More…. Intraday bias in EUR/JPY remains neutral for the moment. Firm break of 100% projection of 148.38 to 140.75 from 146.71 at 139.08 will pave the way Read more…
Daily Pivots: (S1) 0.8696; (P) 0.8734; (R1) 0.8758; More… No change in EUR/GBP’s outlook and further rise remains mildly in favor for 0.8827 resistance. Firm break there will argue that whole decline from 0.9267 has Read more…
Daily Pivots: (S1) 1.5800; (P) 1.5890; (R1) 1.5999; More… Intraday bias in EUR/AUD remains on the upside for the moment. Current rise from 1.4281 should target 61.8% projection of 1.4281 to 1.5704 from 1.5271 at Read more…
Daily Pivots: (S1) 0.9824; (P) 0.9846; (R1) 0.9864; More…. Intraday bias in EUR/CHF remains neutral as consolidation from 0.9953 is still extending. On the upside, firm break of 0.9953 resistance will resume larger rally from Read more…
A retreating US dollar boosted the appeal of bullion. Despite the metal’s choppy price action, the bulls have been looking to consolidate their gains above August’s high of 1805. With sentiment shifting to a brighter Read more…
The New Zealand dollar edges lower over a larger-than-expected trade deficit in November. The bears have faded last week’s bullish momentum and pushed the kiwi back below 0.6400. This level has since become a fresh Read more…
The Japanese yen soared after the BoJ unexpectedly relaxed its yield cap. The previous rebound quickly had turned into a bull trap at 137.80 under the 20-day moving average. The sharp fall below 134.50 is Read more…
Market movers today A quiet day in terms of macro data. Consumer confidence figures will be released from Germany, Sweden and the US conference board. US November home sales are also due for release in Read more…