Daily Pivots: (S1) 0.9812; (P) 0.9890; (R1) 1.0036; More… Intraday bias in EUR/USD remains neutral at this point. On the downside, break of 0.9729 will reaffirm the case the corrective rise from 0.9534 has completed Read more…
Daily Pivots: (S1) 0.9868; (P) 1.0006; (R1) 1.0081; More… Intraday bias in USD/CHF remains neutral for the moment. Consolidation from 1.0146 could extend further, but further rally is expected as long as 0.9840 support holds. Read more…
Daily Pivots: (S1) 1.1223; (P) 1.1302; (R1) 1.1455; More… Intraday bias in GBP/USD remains neutral for the moment. On the downside, break of 1.1145 temporary low will reaffirm the case that corrective rise from 1.0351 Read more…
Daily Pivots: (S1) 146.02; (P) 147.21; (R1) 147.86; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Consolidation from 151.93 should extend further. In case of deeper fall, downside should be contained by Read more…
Daily Pivots: (S1) 0.6341; (P) 0.6412; (R1) 0.6539; More… Intraday bias in AUD/USD remains neutral at this point. On the upside, decisive break of 0.6521 resistance will now complete a head and shoulder bottom pattern Read more…
USD/JPY: The current general bias for USDJPY on the H4 chart is bearish. To add confluence to this, the price is below the Ichimoku cloud which indicates a bearish market. Towards the end of last Read more…
Daily Pivots: (S1) 1.3383; (P) 1.3567; (R1) 1.3808; More…. Intraday bias in USD/CAD stays on the downside at this point. A head and should top pattern (1.3832; h: 1.3976; rs: 1.3807) should be formed already. Read more…
The forex markets are rather steady in Asia today. While stocks in China and Hong Kong extending last week’s strong rebound, Aussie and Kiwi are not following for now. Some traders are on guard to Read more…
In USD term, China’s exports dropped -0.3% yoy to USD 298.37B in October, well below expectation of 4.3% yoy. That’s the worst performance since May 2020. Imports dropped -0.7% yoy to USD 213.22B, below expectation Read more…
Key Highlights EUR/USD started a recovery wave above the 0.9900 resistance zone. It broke a major bearish trend line with resistance near 0.9855 on the 4-hours chart. Gold and oil price started a fresh increase Read more…