USDCAD has been in an uptrend since early August when the price encountered strong support at the 200-day simple moving average (SMA). Moreover, in the past few sessions, the technical picture has improved even further, Read more…
GBPJPY is retreating for the fourth consecutive red day, following the pullback from the 167.50 resistance level. Currently, the market is neutral in the medium-term, as it failed several times to post a higher high Read more…
After some mid-week volatility, USD/JPY has settled down. In the European session, the yen is trading quietly at 143.59. Markets eye BoJ meeting For anyone following the Japanese yen, next week promises to be interesting, Read more…
The internal structure of the GBPUSD currency pair suggests the formation of a global corrective trend – a triple zigzag w-x-y-x-z. On the 1H timeframe, we see the final actionary wave z of the cycle Read more…
Daily Pivots: (S1) 164.09; (P) 164.92; (R1) 165.35; More… GBP/JPY’s break of 163.91 support suggests that corrective pattern from 168.40 is extending with another falling leg. Intraday bias is back on the downside for 159.42 Read more…
Daily Pivots: (S1) 142.78; (P) 143.23; (R1)143.89; More…. Intraday bias in EUR/JPY is staying neutral as consolidation from 145.62 is extending. Deeper pull back cannot be ruled out. But downside should be contained above 138.38 Read more…
Daily Pivots: (S1) 0.8667; (P) 0.8694; (R1) 0.8745; More… EUR/GBP surges to as high as 0.8751 so far. The firm break of 0.8720 resistance should confirm resumption of whole rise from 0.8201. Intraday bias will Read more…
Daily Pivots: (S1) 1.4798; (P) 1.4862; (R1) 1.4986; More… EUR/AUD’s rally resumes again and intraday bias is back on the upside. Rise from 1.4281 short term bottom would target 1.5396 resistance. On the downside, however, Read more…
Daily Pivots: (S1) 0.9558; (P) 0.9586; (R1) 0.9640; More…. EUR/CHF recovered quickly after dipping to 0.9530. Intraday bias is turned neutral first. But outlook stays bearish as long as 0.9864 resistance holds Break of 0.9530 Read more…
EUR/USD Neither the bears, nor the bulls managed to gain enough momentum and the EUR/USD remained locked in the zone between 0.9960 – 1.0025. The market sentiment remains negative – for a depreciation of the Read more…