Daily Pivots: (S1) 1.1312; (P) 1.1338; (R1) 1.1387; More… Range trading continues in EUR/USD and intraday bias remains neutral first. On the upside, sustained trading above 55 day EMA (now at 1.1385) will bring stronger Read more…
Daily Pivots: (S1) 1.2607; (P) 1.2669; (R1) 1.2706; More… Intraday bias in USD/CAD remains neutral at this point. On the downside, firm break of 1.2619 support will complete a head and should top pattern (ls: Read more…
Daily Pivots: (S1) 0.7145; (P) 0.7167; (R1) 0.7203; More… AUD/USD recovers mildly today but stays in range of 0.7081/7277. Intraday bias remains neutral for the moment. On the downside, break of 0.7081 support will indicate Read more…
Euro turns softer in a quiet Asian session together with Swiss Franc, but Yen is even weaker. On the other hand, Aussie is ticking up slightly together with Loonie and Dollar. Overall, trading is rather Read more…
In an blog post, senior IMF officials said the continued to expect “robust US growth”. Inflation will “likely moderate” late this year as supply disruptions ease and fiscal contraction weighs on demand. Fed’s indication that Read more…
Oil prices dip mildly in Asian session as Kazakhstan’s largest oil venture Tengizchevroil is gradually normalizing production. Some contractors had disrupted train lines in support of protests in the country last week. WTI crude oil hit Read more…
ECB Executive Board member Isabel Schnabel warned in a speech on Saturday, “monetary policy, for its part, cannot afford to look through energy price increases if they pose a risk to medium-term price stability.” “This could Read more…
Hello fellow traders. In this technical blog we’re going to take a quick look at the Elliott Wave charts of AUDUSD Forex Pair published in members area of the Elliottwave-Forecast . As our members know, Read more…
DXY: On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect a bounce from our 1st support at 95.804 in line with 100% Fibonacci extension and 100% Read more…
Key Highlights EUR/USD seems to be eyeing an upside break above the 1.1380 resistance. A key bullish trend line is forming with support near 1.1315 on the 4-hours chart. GBP/USD extended increase above the 1.3550 Read more…