Daily Pivots: (S1) 1.3433; (P) 1.3500; (R1) 1.3558; More… Intraday bias in GBP/USD remains on the downside at this point. Rebound from 1.3158 could have completed at 1.3748 already. More importantly, larger fall from 1.4282 Read more…
Daily Pivots: (S1) 113.63; (P) 113.82; (R1) 114.16; More… USD/JPY lost momentum ahead of 113.47 support and intraday bias is turned neutral first. As noted before, considering bearish divergence condition in in daily MACD, it’s Read more…
Daily Pivots: (S1) 0.7095; (P) 0.7142; (R1) 0.7192; More… AUD/USD recovered quickly after hitting 0.7089 and intraday bias remains neutral first. Risk will stay on the downside as long as 0.7313 resistance holds. Corrective rebound Read more…
Daily Pivots: (S1) 1.2560; (P) 1.2631; (R1) 1.2707; More… Intraday bias in USD/CAD remains mildly on the upside at this point. Pull back from 1.2964 should have completed with three waves down to 1.2448. Further Read more…
Daily Pivots: (S1) 1.5765; (P) 1.5855; (R1) 1.5941; More… EUR/AUD spiked higher to 1.5944 but quickly retreated. Intraday bias stays neutral first. On the upside break of 1.5944 will resume the rise from 1.5559 to Read more…
Daily Pivots: (S1) 0.8356; (P) 0.8390; (R1) 0.8427; More… Intraday bias in EUR/GBP remains mildly on the upside at this point. Rebound from 0.8304 is still in progress. Sustained break of 55 day EMA (now Read more…
Daily Pivots: (S1) 1.0315; (P) 1.0337; (R1) 1.0374; More…. EUR/CHF’s down trend resumed by taking out 1.0324 and hit as low as 1.0298. But a temporary low was quickly formed and intraday bias is turned Read more…
Daily Pivots: (S1) 128.61; (P) 128.89; (R1) 129.36; More…. Intraday bias in EUR/JPY remains on the downside for the moment. Consolidation pattern from 134.11 is extending with another leg. Deeper decline would be seen to Read more…
Short Term Elliott Wave view in USDJPY suggests the decline from January 4, 2022 high is unfolding as a double three Elliott Wave structure. Down from January 4, wave A ended at 115 and rally Read more…
DXY: On the H4 timeframe, prices are on bullish momentum and abiding to our ascending trendline. We would expect potentially a bounce from our 1st support at 95.921 in line with 38.2% Fibonacci retracement and Read more…