EURUSD resumed its negative momentum during Monday’s early European trading hours after barely closing above the restrictive 50-day simple moving average (SMA) on Friday at 1.1359. As long as the ascending trendline is building the soft upward Read more…
The US 500 stock index (cash) has been plummeting in the four-hour chart since its upside trajectory peaked at the all-time high of 4,817. Moreover, the price crossed beneath both its 50-period simple moving average (SMA) and the Ichimoku cloud, further reinforcing the index’s imminent Read more…
EUR/USD Current level – 1.1345 The pair is still in the range-bound movement that began in late November and it seems that neither party is ready to take the initiative. On the higher time frames, Read more…
The EURUSD pair soared to the highest level since January 3 as investors reacted to mixed US non-farm payrolls (NFP) data. Data published on Friday revealed that the American economy added just 199k jobs in Read more…
Markets Friday’s trading session revolved around US payrolls and EMU inflation. The former showed below-consensus job creation but faster-than-expected wage increases (0.6% m/m). Armed with the separate, strong household survey (unemployment rate fell to 3.9%), Read more…
Daily Pivots: (S1) 156.81; (P) 157.00; (R1) 157.26; More… Intraday bias in GBP/JPY remains neutral as consolidation from 157.74 continues. Further rise is expected as long as 154.86 support holds. Decisive break of 158.19 high Read more…
Daily Pivots: (S1) 130.94; (P) 131.15; (R1) 131.47; More…. Intraday bias in EUR/JPY remains neutral for consolidation below 131.59 temporary top. But further rally is expected as long as 130.01 support holds. Whole consolidation from Read more…
Daily Pivots: (S1) 0.8341; (P) 0.8354; (R1) 0.8370; More… Intraday bias in EUR/GBP remains neutral and some more consolidation could be seen. But outlook will stay bearish as long as 0.8417 resistance holds. Break of Read more…
Daily Pivots: (S1) 1.5755; (P) 1.5804; (R1) 1.5868; More… Intraday bias in EUR/AUD remains neutral first. On the downside, break of 1.5559 will resume the fall from 1.6168 to retest 1.5250/5354 support zone. On the Read more…
Daily Pivots: (S1) 1.0409; (P) 1.0430; (R1) 1.0455; More…. Intraday bias in EUR/CHF remains on the upside at this point. Rebound from 1.0324 short term bottom would target 55 day EMA (now at 1.0472). Sustained Read more…