It has been a relief to see the US inflation not going above expectations for once! The consumer price index in the US rose 7% y-o-y in December, the highest pace in four decades, BUT, Read more…
Daily Pivots: (S1) 1.1379; (P) 1.1416; (R1) 1.1477; More… Intraday bias in EUR/USD remains on the upside. Rebound from 1.1185 should target 38.2% retracement of 1.2265 to 1.1185 at 1.1598. As we’re tentatively treating is Read more…
Daily Pivots: (S1) 1.3646; (P) 1.3680; (R1) 1.3737; More… Intraday bias in GBP/USD remains on the upside as rise from 1.3158 is extending. No change in the view that corrective fall from 1.4282 should have Read more…
Daily Pivots: (S1) 0.9101; (P) 0.9172; (R1) 0.9215; More…. Intraday bias in USD/CHF remains on the downside for 0.9084/9101 support zone. Firm break there will argue that choppy rise from 0.8925 has completed. Deeper fall Read more…
Daily Pivots: (S1) 114.19; (P) 114.83; (R1) 115.28; More… USD/JPY’s fall from 116.34 accelerated lower. But we’ll still expect strong support from 114.26 resistance turned support to bring rebound. On the upside, above 115.03 minor Read more…
Daily Pivots: (S1) 1.2474; (P) 1.2527; (R1) 1.2558; More… USD/CAD’s fall from 1.2962 is still in progress and intraday bias stays on the downside. Rise from is finished at 1.2963, and possibly the whole pattern Read more…
Daily Pivots: (S1) 0.7226; (P) 0.7259; (R1) 0.7318; More… AUD/USD’s rebound from 0.6992 resumed by breaking through 0.7277 resistance. The development revives the case that correction form 0.8006 has completed after defending 0.6991. Intraday bias Read more…
Dollar’s post CPI selloff continues today and remains generally weak. For now, Swiss Franc is the second worst performer for the week, followed by Euro. Commodity currencies are the strongest, with Aussie overtaking Canadian. Sterling Read more…
Dollar index tumbled sharply overnight and dived through 55 day EMA to close at 94.91. At this point, price actions from 96.93 are seen as a correction only. Hence, we’d look for strong support at Read more…
Short Term Elliott Wave View in Bitcoin shows a 5 swing bearish sequence from November 10, 2021 high favoring more downside. Decline from there is unfolding as a double three Elliott Wave structure. Down from Read more…