In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of USDCAD. In which, the rally from 03 March 2022 low unfolded as an impulse sequence and showed Read more…
Rapid decline in oil prices came as a relief to the European stock markets yesterday, yet the lack of diplomatic progress on the Ukrainian war and China’s fresh lockdown to stop the omicron contagion weigh Read more…
The Dax 40 edges higher as Russia and Ukraine hold a fourth round of talks. The index bounced off the demand zone (12500) from the daily chart, a sign that price action could be stabilizing. Read more…
The Australian dollar slipped after dovish RBA minutes. The pair continues to pull back from its recent top at 0.7430. A drop below the demand zone at 0.7250 further puts the bulls on the defensive. Read more…
The US dollar bounces across the board as the Fed may possibly raise interest rates on Wednesday. The pair found support near May 2020’s lows around 1.0800. The RSI’s oversold condition on the daily chart Read more…
Daily Pivots: (S1) 1.0896; (P) 1.0945; (R1) 1.0989; More… Outlook in EUR/USD remains unchanged as range trading continues. Intraday bias stays neutral first. As long as 1.1120 support turned resistance holds, larger down trend from Read more…
Daily Pivots: (S1) 1.2975; (P) 1.3027; (R1) 1.3053; More… Intraday bias in GBP/US remains on the downside at this point. Current down trend from 1.4248 should target 100% projection of 1.4248 to 1.3158 from 1.3748 Read more…
Daily Pivots: (S1) 0.9343; (P) 0.9365; (R1) 0.9409; More…. USD/CHF’s rally is still in progress and intraday bias remains on the upside. Further rise should be see to 0.9471 resistance first. Break there will resume Read more…
Daily Pivots: (S1) 117.60; (P) 117.91; (R1) 118.52; More… USD/JPY’s rally is still in progress and intraday bias stays on the upside for 118.65 long term resistance next. Firm break there will target 100% projection Read more…
Daily Pivots: (S1) 0.7150; (P) 0.7224; (R1) 0.7262; More… Intraday bias in AUD/USD remains neutral at this moment. Further rally will remain in favor as long as 0.7093 support holds. As noted before, larger decline Read more…