Daily Pivots: (S1) 1.1162; (P) 1.1249; (R1) 1.1327; More… Intraday bias in GBP/USD stays neutral and outlook is unchanged. On the upside, break of 1.1494 will resume the rise from 1.0351 to 61.8% projection of Read more…
Daily Pivots: (S1) 0.9995; (P) 1.0032; (R1) 1.0069; More… USD/CHF’s break of 1.0072 resistance confirms up trend resumption. Intraday bias is back on the upside. Current up trend should target 1.0283 projection level. On the Read more…
Watch the latest market analysis live at the Wall Street open as Snap tumbles on earnings and reports of a potential security review sends Twitter stock lower. Watch TheStreet’s Market Open: More on Today’s Topics: Read more…
USDJPY rising inside impulse wave (iii) Likely to test resistance level 152.50 USDJPY continues to rise inside the short-term impulse wave (iii), which belongs to the higher order impulse waves 3 and (5). The pair Read more…
EURGBP reversed from support level 0.8600 Likely to rise to resistance level 0.8800 EURGBP currency pair recently reversed up with the daily Long-legged Doji from the pivotal support level 0.8600 (which has been reversing the Read more…
Natural gas falling inside impulse wave (c) Likely to fall to support level 5.365 Natural gas continues to fall inside the short-term impulse wave (c) which previously broke the support level 6.500 (which stopped wave Read more…
Welcome to Forex Friday, a weekly report in which we discuss selected currency themes mainly from a macro viewpoint, but we also throw in a pinch of technical analysis here and there. In this week’s Read more…
Pound slides on Truss resignation fallout The British pound is showing strong volatility in the wake of Prime Minister’s Truss resignation. Truss resigned on Thursday after just 44 days in office, and the pound jumped Read more…
Daily Pivots: (S1) 149.71; (P) 150.00; (R1) 150.44; More… USD/JPY’s rally accelerates to as high as 151.93 so far. Intraday bias remains on the upside. Next target for the up trend is 100% projection of Read more…
Dollar surges broadly today as risk sentiment turns sour again while treasury yields continue to march higher. Yen is apparently weak, with Japan absent from intervention despite the steep decline. But Sterling and Swiss Franc Read more…