The Euro is trading within a narrow range in early Thursday’s and still constructive, but warnings about bulls running out of steam are growing. Long upper shadows of daily candles in past two days and Read more…
GBP/USD rises ahead of the Chancellor’s Budget GBP/USD holds over 1.19 as attention turns to the UK fiscal statement. Chancellor Hunt is widely expected to raise taxes and cut public sector spending to plug a Read more…
Daily Pivots: (S1) 165.22; (P) 165.80; (R1) 166.88; More… Intraday bias in GBP/JPY stays neutral first and outlook is unchanged. Strong rebound from current level, followed by break of 166.06 minor resistance will turn bias Read more…
Daily Pivots: (S1) 143.91; (P) 144.70; (R1) 145.84; More…. Outlook in EUR/JPY remains unchanged and intraday bias stays mildly on the upside. Correction from 148.38 might have completed at 142.54, after hitting 38.2% retracement of Read more…
Daily Pivots: (S1) 0.8699; (P) 0.8737; (R1) 0.8761; More… Outlook in EUR/GBP remains unchanged and intraday bias stays neutral. On the upside, break of 0.8827 will resume the rise from 0.8570 to 0.8869. Sustained break Read more…
Daily Pivots: (S1) 1.5319; (P) 1.5384; (R1) 1.5484; More… Intraday bias in EUR/AUD remains neutral for the moment. While corrective pattern from 1.5704 might extend, downside should be contained by 55 day EMA (now at Read more…
Daily Pivots: (S1) 0.9774; (P) 0.9799; (R1) 0.9844; More…. Intraday bias in EUR/CHF stays neutral for the moment. On the downside, break of 0.9720 will extend the fall from 0.9953 to 61.8% retracement at 0.9616, Read more…
AUDUSD is still standing above the long-term downtrend line; however, the momentum is too weak to sustain the bullish movement that started after the bounce off the 0.6270 support level. The MACD oscillator is strengthening Read more…
USDCHF suffered a painful drop of 5% last week, but the 2020 support trendline came to the rescue, halting the freefall at a seven-month low of 0.9355. Although in bearish territory, the RSI and the stochastics Read more…
Daily Pivots: (S1) 1.0338; (P) 1.0388; (R1) 1.0445; More… EUR/USD is staying in consolidation from 1.0481 and intraday bias remains neutral. Downside of retreat should be contained by 1.0092 resistance turned support to bring another Read more…