Category: Cryptocurrencies

AUDJPY has corrected to the 88.00 handle, which is the 50.0% Fibonacci retracement of the 12-week rally from 80.35 until the 95.73 peak. Despite the price failing to snowball below the support barrier formed by Read more…

Daily Pivots: (S1) 127.21; (P) 128.64; (R1) 129.75; More… Intraday bias in USD/JPY is turned neutral with current recovery. But overall, it’s staying in correction to rise from 114.40, and risk will stay mildly on Read more…

Daily Pivots: (S1) 0.9956; (P) 1.0003; (R1) 1.0076; More…. Intraday bias in USD/CHF remains on the upside at this point. Current rally would extend to next medium term projection level at 1.0306. On the downside, Read more…

Daily Pivots: (S1) 1.2158; (P) 1.2207; (R1) 1.2248; More.. Intraday bias in GBP/USD remains on the downside at this point. Current down trend should target 200% projection of 1.3641 to 1.2999 from 1.3297 at 1.2013 Read more…

Daily Pivots: (S1) 1.0313; (P) 1.0421 (R1) 1.0488; More… Intraday bias in EUR/USD stays on the downside at this point. Decisive break of 1.0339 long term support will carry larger bearish implication and target 161.8% Read more…

Overall, the forex markets are rather quiet as the week is heading to a close. EUR/USD is still holding above 2017 low but lacks any strength for a recovery. The greenback might still have a Read more…

Gold’s decline resumes after brief support from 100% projection of 2070.06 to 1889.79 from 1998.23 at 1817.86. It’s now taking on 1800 handle and there is no clear sign of bottoming yet. Further fall is Read more…

The euro has stabilized on Friday, after a dreadful Thursday in which EUR/USD fell 1.26%. Russian announces sanctions The euro continues to struggle and is trading at lows last seen in January 2017. The Ukraine Read more…