Daily Pivots: (S1) 0.9697; (P) 0.9715; (R1) 0.9734; More…. EUR/CHF’s down trend resumes by breaking through 0.9697 support. Intraday bias is back on the downside for 0.9650 long term projection level. Some support could be Read more…
It’s been another very good week for equity markets, extending the run to four weeks in many cases as investors become more optimistic about the economic outlook. This week has been all about the inflation Read more…
GBPJPY came under renewed selling pressure on Thursday but encouragingly it quickly managed to recover its flash drop to 161.26, closing neutral above the ascending trendline once again. In addition to the above, Thursday’s candlestick Read more…
Yesterday, OPEC and the IEA provided their monthly reports on the oil industry. What got quite a bit of headlines was OPEC’s forecast that crude demand would decrease during the remainder of the year. With Read more…
Daily Pivots: (S1) 1.2728; (P) 1.2762; (R1) 1.2797; More… Intraday bias in USD/CAD stays on the downside. Fall from 1.3222 is in progress to 61.8% projection of 1.3222 to 1.2766 from 1.2984 at 1.2702. Firm Read more…
Daily Pivots: (S1) 0.7067; (P) 0.7102; (R1) 0.7141; More… Intraday bias in AUD/USD stays on the upside as rise from 0.6680 is in progress. Next target is 100% projection of 0.6680 to 0.7045 from 0.6868 Read more…
Daily Pivots: (S1) 1.0275; (P) 1.0320; (R1) 1.0363; More… Intraday bias in EUR/USD is turned neutral, but focus stays on 1.0348 support turned resistance, which is close to 55 day EMA (now at 1.0346). Decisive Read more…
Daily Pivots: (S1) 1.2173; (P) 1.2212; (R1) 1.2240; More… Range trading continues in GBP/USD and intraday bias remains neutral. On the upside, decisive break of 1.2292 resistance will complete a head and shoulder bottom pattern Read more…
Daily Pivots: (S1) 0.9366; (P) 0.9455; (R1) 0.9517; More… A temporary low is formed at 0.9369 in USD/CHF and intraday bias is turned neutral for some consolidations. Upside of recovery should be limited below 0.9648 Read more…
Market picture Bitcoin rose close to $25K on Thursday but failed to hold on to those heights, pulling back precisely to $24K on Friday morning and losing 2.4% overnight. Ethereum continues to outperform the market, Read more…