Daily Pivots: (S1) 155.35; (P) 156.07; (R1) 156.52; More… GBP/JPY’s break of 155.11 minor support should confirm rejection by 158.19 resistance. Fall from 158.03 is seen as the third leg of the corrective pattern from Read more…
Daily Pivots: (S1) 129.74; (P) 130.23; (R1) 130.50; More…. Intraday bias in EUR/JPY is back on the downside as fall from 133.13 resumed after brief recovery. Such decline is seen as another falling leg of Read more…
Daily Pivots: (S1) 1.0351; (P) 1.0405; (R1) 1.0435; More…. EUR/CHF’s fall from 1.0610 resumes after brief recovery and hits as low as 1.0288 so far. The breach of 1.0298 low argues that larger down trend Read more…
Global markets sink as Russia finally launches invasion of Ukraine. Risk averse sentiment dominates, pushing gold and oil higher, while stocks and cryptocurrencies tumble. In the currency markets, Yen and Swiss Franc surge sharply on Read more…
DXY: On the H4, prices are on bullish momentum and abiding by an ascending trendline. We see the potential for further bullish continuation from our 1st support at 96.345 in line with 38.2% Fibonacci retracement Read more…
Bitcoin has lost a lot of ground, but several analysts believe the cryptocurrency will recover. Baron Rothschild, the 18th-century British nobleman and member of the Rothschild banking family, was quoted as saying “buy when there’s blood Read more…
The most popular of cryptocurrencies fell to its lowest level since June, dragging in its wake the entire market. The Russian attack in Ukraine on the night of Wednesday to Thursday slammed the market for Read more…
Stock futures plunge, oil and gold soar as long-anticipated invasion is launched. Russian military units invaded Ukraine overnight after months of threats and failed attempts at a diplomatic resolution, putting Europe in its greatest crisis Read more…
Bitcoin’s steep decline today affirms that case that corrective rebound from 33000 has completed at 45842, after failing to sustain above 55 day EMA. The development also argues that down trend from 68986 is ready Read more…
Gold’s rally resumed after brief consolidation and hits as high as 1931.07 so far. In any case, outlook will stay bullish as long as 1889.42 support holds. Next target is 100% projection of 1682.60 to Read more…