GBPCHF reversed from support level 1.1290 Likely to rise to resistance level 1.1420 GBPCHF currency pair recently reversed up from the support level 1.1290 (which stopped the previous minor impulse wave (i) earlier this month) Read more…
Near-term action remains directionless, with new low at 0.9900 offering strong support and keeping the downside protected, while upticks through parity were so far short-lived and repeatedly failed to register close above, keeping the pair Read more…
The industrial group has just taken a stake in an EV startup. The market for electric vehicles has been one of the hottest in the automotive sector for a few years now. And it continues Read more…
GBPUSD has been underperforming over the past two days, meeting a new 29-month low at 1.1670. When looking at the bigger picture, the pair has been developing within a descending channel since February with the Read more…
EURJPY had an impressive start to the week, but despite its bold bullish correction up to a one-month high of 138.96, the pair could not exit the bearish channel nor could it close above the Read more…
XAGUSD seems to be forming a correction wave b of the cycle degree, which is part of a large zigzag. Apparently, correction b is a primary triple zigzag Ⓦ-Ⓧ-Ⓨ-Ⓧ-Ⓩ. The first four parts of it Read more…
Equities remain under pressure as investors brace for more aggressive hikes from central banks. The FTSE 100 lost its momentum as it came closer to the triple top (7650) from the daily chart. An initial Read more…
The Australian dollar bounced higher after upbeat retail sales in July. Its previous failed attempt to clear the psychological level of 0.7000 led to a new round of sell-off below 0.6850. This is a sign Read more…
The Japanese yen steadied after July’s unemployment met expectations. A close above 138.80 has put the greenback right under last July’s peak at 139.40, hitting a 24-year high. A bullish breakout would attract more buying Read more…
EUR/USD The single European currency is trying to stop its depreciation against the U.S. dollar and has been moving in a range between 1.0089 and 0.9901 for the past five days. While attempts by the Read more…