Daily Pivots: (S1) 0.8591; (P) 0.8612; (R1) 0.8647; More… Further decline remains in favor with 0.8674 resistance intact. Current fall from 0.9267 should target 61.8% projection of 0.9267 to 0.8647 from 0.8827 at 0.8444 next. Read more…
Daily Pivots: (S1) 1.5586; (P) 1.5638; (R1) 1.5701; More… Sideway consolidation continues in EUR/AUD and intraday bias remains neutral first. In case of another fall, downside should be contained by 55 day EMA (now at Read more…
Daily Pivots: (S1) 0.9841; (P) 0.9875; (R1) 0.9894; More…. EUR/CHF is still bounded in consolidation pattern from 0.9953 and intraday bias remains neutral. On the upside, firm break of 0.9953 resistance will resume larger rally Read more…
Short term Elliott Wave View in Oil (CL) suggests that the cycle from 6.13.2022 high is in progress as a 5 waves impulse. Down from 6.13.2022 high, wave (1) ended at 76.25 and rally in Read more…
Equities extend the downside recovery, following the failure to clear an important year-to-date resistance last week, which was the S&P500’s year-to-date descending channel top at around the 4080 level. The index cleared the first bearish Read more…
Market movers today Today we get German industrial production data for October. Consensus is looking for a 0.6% m/m drop compared to a similar increase in September. Final Q3 GDP data from the euro area Read more…
Daily Pivots: (S1) 1.0440; (P) 1.0486; (R1) 1.0514; More… Intraday bias in EUR/USD remains neutral for the moment. Considering bearish divergence condition in 4 hour MACD, break of 1.0427 minor support will indicate short term Read more…
Daily Pivots: (S1) 136.20; (P) 136.81; (R1) 137.66; More… USD/JPY’s break of 137.66 support turned resistance suggests short term bottoming at 133.61, on bullish convergence condition in 4 hour MACD, ahead of 133.07 medium term Read more…
Daily Pivots: (S1) 1.3590; (P) 1.3633; (R1) 1.3695; More…. USD/CAD’s rally from 1.3224 resumed by breaking 1.3644 and intraday bias is back on the upside. Current development is in line with the case that correction Read more…
Daily Pivots: (S1) 0.6665; (P) 0.6704; (R1) 0.6728; More… Intraday bias in AUD/USD remains neutral for the moment. Considering bearish divergence condition in 4 hour MACD, break of 0.6641 support should indicate short term topping, Read more…