GBPUSD keeps hovering with weak momentum marginally above the 1.3000 level despite its flash slide to a new 16-month low of 1.2981 last Friday. The bearish bias remains intact as the RSI is maintaining a Read more…
Bitcoin was down 7.4% on Monday, ending at around $39.9K and remains here on Tuesday morning. Ethereum lost 8.9%, while other leading altcoins in the top 10 fell in price from 6.7% (Binance Coin) to Read more…
The Dow Jones 30 turns south as US Treasury yields continue to climb. The index briefly found support over the 30-day moving average (34200). A bullish RSI divergence indicates a deceleration in the current sell-off. Read more…
The sterling softened after Britain’s GDP fell short of expectations in February. The euro found support in the demand zone between 0.8300 and 0.8310, an important level from the daily chart. The ensuing break above Read more…
The Swiss franc rallies across the board as traders dump risk assets for safe haven ones amid uncertainty. The latest rebound came to a halt at 0.9370 from the late March sell-off. The RSI’s double Read more…
Daily Pivots: (S1) 162.06; (P) 162.96; (R1) 164.25; More… GBP/JPY is staying in range below 164.61 and intraday bias remains neutral first. Further rally is expected with 158.04 support intact. On the upside, break of Read more…
Daily Pivots: (S1) 135.46; (P) 136.29; (R1) 137.31; More…. EUR/JPY is still bounded in range below 137.50 despite rally attempt. Intraday bias remains neutral first. Further rise is expected with 133.70 support intact. On the Read more…
Daily Pivots: (S1) 0.8338; (P) 0.8359; (R1) 0.8375; More… Intraday bias in EUR/GBP stays neutral at this point. On the downside, break of 0.8294 will argue that rebound from 0.8201 has completed at 0.8511, and Read more…
Daily Pivots: (S1) 1.4613; (P) 1.4650; (R1) 1.4706; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. Further decline is expected with 1.4940 resistance intact. On the downside, break of 1.4318 will resume Read more…
Daily Pivots: (S1) 1.0102; (P) 1.0154; (R1) 1.0186; More…. Intraday bias in EUR/CHF is back on the downside as fall from 1.0400 resumes. As noted before, rebound from 0.9970 could have completed already. Deeper fall Read more…