USDCHF snaps key floor; short-term bias bearish Downside pressure could stay limited above 50-day SMA USDCHF is marking its third consecutive bearish week, having recently enhanced negative risks below the protective 200-day simple moving average (SMA) and the support trendline from July’s lows. The 0.8980-.8995 restricted zone, which had been capping upside movements during April-July 2023, could […]
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Markets Markets yesterday again showed some hefty swings as mutual attacks on energy installations by both Iran and Israel caused the market to further move to a scenario where higher energy prices and supply disruptions Read more…
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Daily Pivots: (S1) 210.95; (P) 211.66; (R1) 212.51; More… Intraday bias in GBP/JPY remains neutral for the moment. On the upside, firm break of 213.28 will resume the rebound from 207.20 to retest 214.98 high. Read more…