Category: Cryptocurrencies

The FX markets kick off the week on an extremely chaotic note. Both the pound and the euro are being severely punished for the political decisions that are taken in the UK and in Italy Read more…

Market movers today A fairly quiet start to the week in terms of economic data, German September Ifo is expected to decline further in line with the PMIs released last Friday. Markets will also focus Read more…

Daily Pivots: (S1) 0.9768; (P) 0.9804; (R1) 0.9854; More USD/CHF’s break of 0.9868 resistance argues that larger up trend is resumed to resume. Intraday bias stays on the upside for retesting 1.0063 high first. Decisive Read more…

Daily Pivots: (S1) 0.6480; (P) 0.6568; (R1) 0.6624; More… Intraday bias in AUD/USD remains on the downside as down trend continues today. Next target is 0.6461 long term fibonacci level. Break there will target 100% Read more…

Daily Pivots: (S1) 1.3500; (P) 1.3557; (R1) 1.3645; More… USD/CAD’s rally is still in progress and intraday bias stays on the upside for long term fibonacci level at 1.3650. Break there will target 161.8% projection Read more…

Daily Pivots: (S1) 0.9465; (P) 0.9543; (R1) 0.9588; More…. EUR/CHF’s break of 0.9464 indicates down trend resumption. Intraday bias is back on the downside for 61.8% projection of 1.0512 to 0.9550 from 0.9864 at 0.9269. Read more…

Daily Pivots: (S1) 153.81; (P) 157.13; (R1) 158.80; More… GBP/JPY’s decline continues today and intraday bias stays on the downside. Sustained trading below 151.84 fibonacci level will pave the way to next level at 141.19. Read more…

Daily Pivots: (S1) 138.28; (P) 139.28; (R1) 139.88; More…. EUR/JPY’s fall from 145.62 extended lower today. Break of 138.38 support raises the chance of larger reversal. Intraday bias stays on the downside for 133.38 support Read more…

Daily Pivots: (S1) 1.4791; (P) 1.4834; (R1) 1.4883; More… EUR/AUD is staying in consolidation from 1.4965 and intraday bias stays neutral. Further rally is in favor as long as 1.4663 minor support holds. On the Read more…

USD/JPY: On the H4 chart, price has reflected off the 2nd support at 140.363 and through 1st support at 142.574 where the 78.6% Fibonacci line is. Price could possibly continue this short term bullish move Read more…