Daily Pivots: (S1) 1.2549; (P) 1.2587; (R1) 1.2606; More… USD/CAD continues to lose downside momentum as seen in 4 hour MACD. Bur there decline is still mildly in favor with 1.2692 minor resistance intact, for Read more…
Daily Pivots: (S1) 0.8292; (P) 0.8333; (R1) 0.8358; More… Intraday bias in EUR/GBP remains on the downside for retesting 0.8201 low. Break there will resume larger down trend. On the upside, firm break of 0.8476 Read more…
Daily Pivots: (S1) 1.4717; (P) 1.4813; (R1) 1.4860; More… Intraday bias in EUR/AUD remains on the downside, as fall from 1.5327 is in progress to retest 1.4561 low. Firm break there will resume larger down Read more…
Daily Pivots: (S1) 1.0270; (P) 1.0285; (R1) 1.0306; More…. Intraday bias in EUR/CHF remains neutral and outlook is unchanged. On the upside, break of 1.0400 would resume the rebound from 0.9970 to 1.0610 key structural Read more…
Daily Pivots: (S1) 132.13; (P) 132.73; (R1) 133.87; More…. Intraday bias in EUR/JPY remains on the upside for 134.11 high. Sustains break there will confirm resumption of larger up trend next target will be 136.53 Read more…
Daily Pivots: (S1) 158.25; (P) 159.24; (R1) 161.22; More… Intraday bias in GBP/JPY remains on the upside at this point. Up trend form 123.94 has just resumed. Next target is 61.8% projection of 136.96 to Read more…
There is no change in the overall theme in the forex markets. Yen’s decline continues and there is no sign of slowing yet. Hawkish comments from Fed officials pushed treasury yields further up. Fed Chair Read more…
DXY: On the H4 timeframe, prices are on bearish momentum. We see the potential for a dip from our 1st resistance at 98.638 in line with 50% Fibonacci retracement towards our 1st support at 98.157 Read more…
Both AUD/JPY and NZD/JPY ride on broad based weakness in Yen and surge strongly this week. More important, both have breached key long term resistance levels. As for AUD/JPY, there might be some initial rejection Read more…
Cleveland Fed President Loretta Mester said in a speech yesterday, “in my view, inflation, which is at a 40-year high, is the number one challenge for the U.S. economy at this time.” “Given the underlying Read more…