In recent years, the remembi paused its attempt to strengthen against the USD. In February 2014, the renminbi found support at 6.0153 as wave ((III)). From there, it formed a perfect zig-zag corrective structure, reaching equal legs at the 7.1964 high in September 2019. Following these three swings, USDCNH was expected to continue its downtrend. […]
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Daily Pivots: (S1) 0.9352; (P) 0.9381; (R1) 0.9428; More…. Intraday bias in EUR/CHF stays neutral and outlook remains bearish with 0.9408 resistance intact. On the downside, firm break of 0.9204 low will confirm larger down Read more…
Daily Pivots: (S1) 0.8518; (P) 0.8551; (R1) 0.8570; More… Outlook in EUR/GBP is unchanged and intraday bias stays neutral. More consolidations could be seen below 0.8737 short term top. Further rise is expected as long Read more…
Daily Pivots: (S1) 1.7659; (P) 1.7800; (R1) 1.7937; More… Outlook in EUR/AUD is unchanged as consolidation continues below 1.8554 short term top. Downside of pull back should be contained by 38.2% retracement of 1.5963 to Read more…