Gold softened after the US dollar regained strength post-FOMC. After the price gave up all the gains from its rally in early October, the latest rebound met stiff selling pressure near the support-turned-resistance 1670. A Read more…
The US dollar recovered after the Fed cautioned that rates could go higher than expectations. The rally has come to a halt in May 2020’s consolidation area. A combination of profit-taking and fresh selling has Read more…
Daily Pivots: (S1) 167.75; (P) 169.05; (R1) 169.78; More… No change in GBP/JPY’s outlook and intraday bias remains neutral for consolidation below 172.11. Downside of retreat should be contained above 164.95 support to bring another Read more…
Daily Pivots: (S1) 144.63; (P) 145.60; (R1) 146.17; More…. EUR/JPY is staying in consolidation from 148.38 and intraday bias remains neutral at this point. In case of deeper fall, downside should be contained 140.88/144.06 support Read more…
Daily Pivots: (S1) 0.8591; (P) 0.8611; (R1) 0.8636; More… Intraday bias in EUR/GBP is turned neutral first but further decline is expected with 0.8779 resistance intact. Break of 0.8570 will resume the fall from 0.9267 Read more…
Daily Pivots: (S1) 1.5372; (P) 1.5427; (R1) 1.5509; More… EUR/AUD is extending the consolidation from 1.5704 and intraday bias remains neutral for the moment. Deeper decline cannot be ruled out. But downside should be contained Read more…
Daily Pivots: (S1) 0.9834; (P) 0.9863; (R1) 0.9878; More…. Intraday bias in EUR/CHF remains neutral as consolidation from 0.9953 is extending. In case of deeper retreat, downside should be contained by 0.9798 support to bring Read more…
Daily Pivots: (S1) 0.9761; (P) 0.9868; (R1) 0.9924; More… EUR/USD’s break of 0.9847 argues that corrective pattern from 0.9534 has completed with three waves up to 1.0092. Such development revives near term bearishness too. Intraday Read more…
Daily Pivots: (S1) 1.1330; (P) 1.1447; (R1) 1.1507; More… Intraday bias in GBP/USD stays neutral for the moment. With 1.1256 minor support intact, further rally is expected. On the upside, break of 1.1644 will resume Read more…
Daily Pivots: (S1) 0.9949; (P) 0.9995; (R1) 1.0079; More… USD/CHF’s break of 1.0030 minor resistance indicates that pull back from 1.0146 has completed at 0.9840. Intraday bias is back on the upside for retesting 1.0146 Read more…