Daily Pivots: (S1) 1.0326; (P) 1.0354; (R1) 1.0372; More…. Intraday bias in EUR/CHF remains on the downside at this point. Firm break of 1.0324 low will resume larger down trend from 1.1149 to 161.8% projection Read more…
Daily Pivots: (S1) 1.2527; (P) 1.2558; (R1) 1.2616; More… Intraday bias in USD/CAD remains mildly on the upside for 1.2619 support turned resistance first. Firm break there will argue that whole pull back from 1.2963 Read more…
Daily Pivots: (S1) 0.7155; (P) 0.7193; (R1) 0.7213; More… Intraday bias in AUD/USD remains neutral for the moment. On the upside, above 0.7313 will resume the rebound from 0.6992 to 0.7555 resistance. However, break of Read more…
Daily Pivots: (S1) 1.1309; (P) 1.1335; (R1) 1.1368; More… Intraday bias in EUR/USD remains neutral for the moment. Price action from 1.1185 are seen as corrective move. Break of 1.1284 will argue that larger down Read more…
Daily Pivots: (S1) 1.3532; (P) 1.3567; (R1) 1.3589; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Pull back from 1.3478 should be contained by 1.3489 support to bring another rally. As noted Read more…
Daily Pivots: (S1) 0.9095; (P) 0.9134; (R1) 0.9161; More…. Intraday bias in USD/CHF remains neutral as range trading continues. On the downside, firm break of 0.9084 support will argue that choppy rise from 0.8925 has Read more…
Key Highlights EUR/USD started a fresh decline below the 1.1380 support. It traded below a bullish trend line with support near 1.1370 on the 4-hours chart. GBP/USD extended decline below the 1.3620 support zone. The Read more…
Daily Pivots: (S1) 113.49; (P) 113.82; (R1) 114.04; More… Intraday bias in USD/JPY remains mildly on the downside at this point. Considering bearish divergence condition in in daily MACD, it’s probably already in correction to Read more…
The forex markets are pretty steady in Asian session even though others trade with a slight risk-off tone. Major pairs and crosses are stuck inside Friday’s range for now. But volatility is guaranteed ahead, with Read more…
Japan PMI Manufacturing ticked up from 54.3 to 54.6 in January, below expectation of 55.0. PMI Services dropped sharply from 52.1 to 46.6. PMI Composite also dropped from 52.5 to 48.8. Usamah Bhatti, Economist at Read more…