EURUSD has been losing ground since the beginning of the year, creating a clear structure of lower highs and lower lows within a descending channel. Nevertheless, after managing to find its feet at the 20-year low of 0.9863, Read more…
Tomorrow is likely to be one of the most important days for the markets this week, because we get some crucial data ahead of the FOMC meeting next week. To make matters more interesting, the Read more…
The current chart of the DXY index shows the completion of the global corrective trend, which took the form of a triple zigzag consisting of five main cycle waves w-x-y-x-z. Thus, the market is currently Read more…
EUR/USD For the single European currency, the beginning of the week started rather positively. After the market opening, the rate tries to hold above 1.0088. The bulls’ gains from last week could continue, but for Read more…
Daily Pivots: (S1) 142.38; (P) 143.55; (R1) 144.47; More…. EUR/JPY’s rally resumed after brief retreat and intraday bias is back on the upside. Decisive break of 61.8% projection of 124.37 to 144.26 from 133.38 at Read more…
Daily Pivots: (S1) 164.70; (P) 165.35; (R1) 166.51; More… GBP/JPY’s rally resumed after brief consolidations and intraday bias is back on the upside. The break of 166.31 resistance suggests that larger up trend is ready Read more…
Daily Pivots: (S1) 0.8651; (P) 0.8679; (R1) 0.8698; More… EUR/GBP’s rally resumes after brief consolidations. the break of 0.8720 resistance also indicates resumption of whole rise from 0.8201. Intraday bias is back on the upside. Read more…
Daily Pivots: (S1) 1.4622; (P) 1.4720; (R1) 1.4773; More… Intraday bias in EUR/AUD remains neutral for the moment. On the upside, above 1.4880 will resume the rebound from 1.4281 short term bottom, and target 1.5396 Read more…
Daily Pivots: (S1) 0.9613; (P) 0.9671; (R1) 0.9708; More…. Intraday bias in EUR/CHF is turned neutral first with current recovery. Break of 0.9780 minor resistance will argue that corrective rebound from 0.9550 is resuming. Intraday Read more…
Daily Pivots: (S1) 0.9991; (P) 1.0052; (R1) 1.0108; More… EUR/USD’s rebound from 0.9863 short term bottom is extending today. Intraday bias stays on the upside. Sustained trading above 55 day EMA (now at 1.0169) raise Read more…