Category: Investments

Dow Jones 30 steadies as a US GDP contraction may temper the Fed’s hawkish stance. The index has given up most gains from the March rally. The demand zone between 32700 and 33000 is an Read more…

The New Zealand dollar continues southward amid a lack of demand for risk-sensitive currencies. Sentiment turned bearish after price action failed to hold above this year’s low at 0.6530, invalidating a two-month-long recovery. The pair Read more…

The yen nosedived after the Bank of Japan vowed to keep its interest rates ultra-low. The dollar’s surge above the top range (129.30) of the recent consolidation forced early sellers to cover and switch sides. Read more…

DXY: On the Weekly, with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance where the 127.2% Fibonacci extension is from our 1st support in Read more…

Daily Pivots: (S1) 1.0460; (P) 1.0512 (R1) 1.0553; More… Intraday bias in EUR/USD remains mildly on the downside for the moment. Sustained break of 100% projection of 1.1494 to 1.0805 from 1.1184 at 1.0495 will Read more…

Daily Pivots: (S1) 1.2392; (P) 1.2481; (R1) 1.2549; More… Intraday bias in GBP/USD remains on the downside with 1.2601 minor resistance intact. Current down trend should target 161.8% projection of 1.3641 to 1.2999 from 1.3297 Read more…

Daily Pivots: (S1) 0.9675; (P) 0.9717; (R1) 0.9761; More…. Intraday bias in USD/CHF remains on the upside for the moment. Current up trend should target next medium term projection level at 0.9864. On the downside, Read more…

Daily Pivots: (S1) 129.04; (P) 130.14; (R1) 131.95; More… Intraday bias in USD/JPY remains on the upside for 61.8% projection of 121.27 to 129.39 from 126.91 at 131.92. Firm break there will pave the way Read more…

Daily Pivots: (S1) 0.7049; (P) 0.7105; (R1) 0.7156; More… Intraday bias in AUD/USD is turned neutral again with loss of downside momentum. Still, further decline is expected as long as 0.7342 support turned resistance holds. Read more…

Daily Pivots: (S1) 1.2773; (P) 1.2826; (R1) 1.2862; More… A temporary top is formed at 1.2879, ahead of 1.2899 resistance, with current retreat. Intraday bias in USD/CAD is turned neutral first. Further rise will remain Read more…