USDJPY has been in a prolonged uptrend since early March, crossing forcefully above both its 50- and 200-day simple moving averages (SMAs) and generating consecutive fresh highs. Moreover, despite the recent consolidation, the positive tone Read more…
Daily Pivots: (S1) 165.73; (P) 166.41; (R1) 166.82; More… Intraday bias in GBP/JPY is turned neutral with current deep retreat. On the upside, decisive break of 168.67 high will resume larger up trend. Next target Read more…
Daily Pivots: (S1) 143.73; (P) 144.38; (R1) 144.73; More…. Intraday bias in EUR/JPY is turned neutral with current retreat and some consolidations could be seen. But downside should be contained above 138.38 resistance turned support Read more…
Daily Pivots: (S1) 1.4722; (P) 1.4773; (R1) 1.4859; More… Intraday bias in EUR/AUD stays neutral as range trading continues. On the upside, above 1.4880 will resume the rebound from 1.4281 short term bottom, and target Read more…
Daily Pivots: (S1) 0.8649; (P) 0.8672; (R1) 0.8695; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, firm break of 0.8720 resistance will indicate resumption of whole rise from 0.8201. Intraday Read more…
Daily Pivots: (S1) 0.9554; (P) 0.9620; (R1) 0.9655; More…. EUR/CHF’s fall from 0.9864 resumed by breaking 0.9631 and intraday bias is back on the downside. Retest of 0.9550 low should be seen first. Decisive break Read more…
NZDUSD plunged to a new 28-month low of 0.5985 during yesterday’s session after it found strong resistance near the 20-day simple moving average (SMA). The price is holding well below the Ichimoku cloud as well Read more…
The current formation of the USDCNH shows the primary zigzag pattern Ⓐ-Ⓑ-Ⓒ, which in the long term seems to be forming a large correction IV of the cycle degree. This pattern today looks completed in Read more…
EUR/USD The Common European currency lost quite a bit of ground against the dollar and the rate dropped and tested the support zone at 0.9985. This result came after the CPI print did not align Read more…
Gold tumbled after hotter US inflation propelled the greenback across the board. The precious metal has been grinding its way up after it stabilised next to the major support 1690. Though it gave up its Read more…