Daily Pivots: (S1) 1.4995; (P) 1.5070; (R1) 1.5111; More… Intraday bias in EUR/AUD remains neutral at this point and outlook is unchanged. The larger down trend is still expected to continue as long as 1.5354 Read more…
Daily Pivots: (S1) 1.0367; (P) 1.0385; (R1) 1.0409; More…. Intraday bias in EUR/CHF remains on the upside as rebound from 0.9970 is in progress for 38.2% retracement of 1.1149 to 0.9970 at 1.0420. Firm break Read more…
The S&P 500 bounced higher after Russia averted a bond default. Price action has stabilized above last June’s lows around 4140 where a triple bottom indicates a strong interest in keeping the index afloat. A Read more…
The Japanese yen struggles as the BOJ pledges to stick with stimulus. Sentiment turned extremely bullish after the pair rallied above December 2016’s high at 118.60. The RSI went overbought on both hourly and daily Read more…
The British pound stalled after the BOE failed to secure a unanimous vote for higher rates. A bullish RSI divergence suggests exhaustion in the sell-off, and combined with the indicator’s oversold condition on the daily Read more…
The Euro started a decent recovery wave above 1.0950 against the US Dollar. The EUR/USD pair traded above the 1.1050 resistance level and the 50 hourly simple moving average. It even moved above the 1.1120 Read more…
Daily Pivots: (S1) 1.2643; (P) 1.2710; (R1) 1.2746; More… Intraday bias in USD/CAD is now mildly on the downside with focus on 1.2586 support. Break there will suggest that rebound from 1.2448 has completed at Read more…
Daily Pivots: (S1) 0.7307; (P) 0.7350; (R1) 0.7418; More… Intraday bias in AUD/USD is now mildly on the upside for 0.7440 resitsance first. Break will resume the rebound from 0.6966 to 0.7555 resistance next. As Read more…
Daily Pivots: (S1) 118.30; (P) 118.67; (R1) 118.96; More… A temporary top should be in place at 119.11 with 4 hour MACD staying below signal line. Intraday bias is turned neutral for some consolidations. But Read more…
Daily Pivots: (S1) 0.9327; (P) 0.9379; (R1) 0.9422; More…. Intraday bias in USD/CHF remains neutral for consolidations first. But further rally should still be seen as long as 0.9318 minor support holds. On the upside, Read more…