Daily Pivots: (S1) 0.9465; (P) 0.9543; (R1) 0.9588; More…. Intraday bias in EUR/CHF is turned neutral again with current recovery, but outlook remains bearish with 0.9712 resistance intact. Break of 0.9407 will resume larger down Read more…
Daily Pivots: (S1) 0.9538; (P) 0.9624; (R1) 0.9694; More… EUR/USD’s decline is still in progress and intraday bias stays on the downside for the moment. Current down trend should target 161.8% projection of 1.0368 to Read more…
Daily Pivots: (S1) 1.0381; (P) 1.0655; (R1) 1.0962; More… Intraday bias in GBP/USD remains neutral for consolidation above 1.0351. Risk will stay on the downside as long as 1.1404 support turned resistance holds. Break of Read more…
Daily Pivots: (S1) 0.9832; (P) 0.9899; (R1) 1.0006; More Intraday bias in USD/CHF stays on the upside, and further rise would be seen to retest 1.0063 high. Decisive break there will confirm resumption of larger Read more…
Daily Pivots: (S1) 143.71; (P) 144.25; (R1) 145.27; More… Range trading continues in USD/JPY and intraday bias remains neutral. Further rally is expected as long as 139.37 resistance turned support holds. Break of 145.89 will Read more…
Daily Pivots: (S1) 0.6415; (P) 0.6477; (R1) 0.6515; More… Intraday bias in AUD/USD stays on the downside for the moment. Firm break of 0.6461 long term fibonacci level will target 100% projection of 0.7660 to Read more…
Daily Pivots: (S1) 1.3596; (P) 1.3703; (R1) 1.3845; More… USD/CAD’s rally continued and hit as high as 1.3807 so far. Intraday bias stays on the upside for 161.8% projection of 1.2005 to 1.2947 from 1.2401 Read more…
The currency markets have turned into consolidation mode temporarily. Sterling further stabilized after BoE said in a statement that the assessment of the government’s growth plan will be done at next “scheduled” meeting, ruling out Read more…
USD/JPY: On the H4 chart, price has pushed through very strongly through the 1st support at 142.574 where the 78.6% Fibonacci line lies. If this strong bullish momentum continues, price could potential break above the Read more…
For 2022, the World Bank downgraded China’s growth forecasts sharply from 5.0% (April’s) to just 2.8%. On the other hand, ASEAN-5 growth forecasts was upgraded from 4.9% to 5.4%. East Asia & Pacific (excluding China) Read more…