Dollar Index (DXY) has reached 100% Fibonacci extension from 7.17.2023 low and ended the cycle. The rally is unfolding as a double three Elliott Wave structure. Up from 7.17.2023 low, wave (W) ended at 107.34 and wave (X) pullback ended at 100.15. Wave (Y) higher ended at 108 which completed wave ((W)) in higher degree […]
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Daily Pivots: (S1) 150.97; (P) 151.46; (R1) 152.05; More… USD/JPY’s fall from 156.74 resumed after brief consolidations and intraday bias is back on the downside. Sustained trading below 38.2% retracement of 139.57 to 156.74 at Read more…
Daily Pivots: (S1) 1.2656; (P) 1.2676; (R1) 1.2707; More… GBP/USD’s break of 1.2713 resistance indicates short term bottoming at 1.2486, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for Read more…
Daily Pivots: (S1) 0.8809; (P) 0.8828; (R1) 0.8851; More… Intraday bias in USD/CHF remains neutral for the moment. Further rally is still in favor as long as 0.8800 support holds. On the upside, break of Read more…