Daily Pivots: (S1) 0.8698; (P) 0.8736; (R1) 0.8762; More… Intraday bias in USD/CHF is turned neutral with current retreat, and some consolidations would be seen below 0.8773 temporary top first. Further rally is still expected as long as 0.8614 support holds. Above 0.8773 will resume the rise from 0.8374 for 61.8% retracement of 0.9223 to […]
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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…