Daily Pivots: (S1) 0.8013; (P) 0.8031; (R1) 0.8067; More… Overall outlook is unchanged that price actions from 0.7828 low is seen as a corrective pattern. Intraday bias in USD/CHF is mildly on the downside for 0.7877 support. Firm break there will argue that larger down trend is resuming through 0.7828. Nevertheless, above 0.8070 minor resistance […]
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Daily Pivots: (S1) 0.6532; (P) 0.6549; (R1) 0.6562; More… Intraday bias in AUD/USD stays mildly on the upside despite some loss of momentum. Decisive break of 0.6579 resistance should confirm that whole fall from 0.6706 has completed as a three wave correction. Stronger rally should then be seen back to retest 0.6706. However, below 0.6519 […]
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Daily Pivots: (S1) 1.3204; (P) 1.3229; (R1) 1.3258; More… Intraday bias in GBP/USD is back on the upside with breach of 1.3267 temporary top. Sustained trading above 55 D EMA (now at 1.3265) should confirm that fall from 1.3787 has completed as a correction. Further rise should then be seen to 1.3725/3787 resistance zone. Nevertheless, […]
The post GBP/USD Mid-Day Outlook appeared first on ActionForex.
This is what we’ve been hearing from ECB members over and over again. They won’t respond to small or short-term deviations from their 2% target.
This article was written by Giuseppe Dellamotta at investinglive.com.
Wow, the month started very strongly, with Bank of Japan (BoJ) head Ueda hinting yesterday that the BoJ could deliver a rate hike next month — and boom, all hell broke loose. Japanese yields spiked to fresh multi-decade highs, pulling other sovereign yields up, while equities and Bitcoin tanked and gold and silver spiked. Reports […]
The post A Fragile Rebound appeared first on ActionForex.
This article was written by Justin Low at investinglive.com.
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