Daily Pivots: (S1) 1.4646; (P) 1.4724; (R1) 1.4772; More… Intraday bias in EUR/AUD stays on the downside at this point. Corrective rise from 1.4318 should have completed at 1.5396, after rejection by 1.5354 support turned Read more…
Daily Pivots: (S1) 0.9825; (P) 0.9854; (R1) 0.9890; More…. Intraday bias in EUR/CHF remains neutral as consolidation continues. Outlook remains bearish with 0.9953 resistance intact. On the downside, break of 0.9804 will resume larger down Read more…
Daily Pivots: (S1) 1.0180; (P) 1.0219; (R1) 1.0259; More… Range trading continues in EUR/USD and intraday bias remains neutral. Further rise is in favor as long as 1.0118 minor support holds. Above 1.0277 minor resistance Read more…
GBPUSD has reversed back up after finding strong support at the 28-month low of 1.1760. The pair is advancing above the 20-day simple moving average (SMA) and the next obstacle to surpass is the medium-term Read more…
The structure of the DXY index hints at the development of a large triple zigzag w-x-y-x-z of the cycle degree. Most likely, a cycle actionary wave z is currently under construction. The internal structure of Read more…
Bitcoin has lost 3.5% in 24 hours, having rolled back to $21,100 at the time of writing. Meanwhile, Ethereum has lost 6.1% in the same time frame, to $1430. Altcoins in the top 10 have Read more…
EUR/USD The pair still cannot break through the range 1.0170 – 1.0270 and the market is likely to remain in “standby” mode, as investors are cautious and expect the announcement of the Fed interest rate Read more…
The Dax 40 treads water as business sentiment remains sensitive to energy uncertainty. Optimism grew after the price broke above the supply zone around 13400. The sideways action suggests commitment to keep the rebound intact. Read more…
The Japanese yen softened after dovish BoJ meeting minutes. On the daily chart, the pair is swinging in a flag consolidation. The uptrend is still intact and the bulls may see the choppy price action Read more…
The euro inches higher supported by the ECB’s shift to normalising its monetary policy. The psychological effect of parity had triggered a ‘buy-the-dips’ behaviour. A surge above 1.0200 prompted the short side to cover their Read more…