Daily Pivots: (S1) 1.2903; (P) 1.2956; (R1) 1.3040; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H MACD, […]
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USDCAD posts new 25-month high but currently stands beneath it Stochastics and RSI show positive signs USDCAD has been developing above the 20-day simple moving average (SMA) since the bounce off the 1.3815 support level Read more…
Short Term Elliott Wave View in EURGBP suggests that decline to 0.8295 on October 18, 2024 ended wave (1). Wave (2) corrective bounce is proposed complete at 0.8447 as the 1 hour chart below shows. Read more…
Markets The barrage of central bank meetings in Sweden, Norway, the Czech Republic and the UK ended with a decision in the US. The Fed delivered the expected 25 bps cut to 4.5-4.75%. The new Read more…