WTI crude falls back over a new round of ceasefire talks between Russia and Ukraine. Previously, a bearish RSI divergence indicated a loss of momentum as the price went parabolic. Then a steep fall below Read more…
The sterling found support after a drop in Britain’s unemployment rate in January. A break above the daily resistance at 0.8400 has prompted sellers to cover, easing the downward pressure. Sentiment remains downbeat unless buyers Read more…
The US dollar continues upward as the Fed is set to increase its interest rates by 25bp. The rally sped up after it cleared the daily resistance at 0.9360. The bullish breakout may have ended Read more…
The US Dollar started a strong upward move above the 116.50 resistance against the Japanese Yen. The USD/JPY pair traded above the 117.50 level to move into a bullish zone. The pair even traded above Read more…
Daily Pivots: (S1) 1.2728; (P) 1.2799; (R1) 1.2837; More… Intraday bias in USD/CAD remains neutral as range trading continues. On the upside, break of 1.2899 will target 1.2963 resistance first. Break there will target key Read more…
Daily Pivots: (S1) 0.7165; (P) 0.7196; (R1) 0.7226; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. Further rally will remain in favor as long as 0.7093 support holds. As noted before, larger Read more…
Daily Pivots: (S1) 117.86; (P) 118.15; (R1) 118.59; More… Intraday bias in USD/JPY remains neutral for consolidation below 118.44 temporary top. In case of deeper retreat, downside should be contained above 116.34 resistance turned support Read more…
Daily Pivots: (S1) 0.9380; (P) 0.9406; (R1) 0.9438; More…. A temporary top is in place at 0.9430 in USD/CHF with 4 hour MACD crossed below signal line. Intraday bias is turned neutral for some consolidations. Read more…
Daily Pivots: (S1) 1.2998; (P) 1.3044; (R1) 1.3087; More… Intraday bias in GBP/USD remains neutral for consolidation above 1.2999 temporary low. Further decline is expected as long as 1.3193 resistance holds. On the downside, below Read more…
Daily Pivots: (S1) 1.0914; (P) 1.0967; (R1) 1.1008; More… EUR/USD is still bounded in range of 1.0805/1120 and intraday bias remains neutral first. Further decline is still expected with 1.1120 support turned resistance intact. On Read more…