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Daily Pivots: (S1) 197.39; (P) 198.01; (R1) 198.52; More… Intraday bias in GBP/JPY is turned neutral first with current recovery. Some consolidations would be seen above 197.47 but further decline is expected as long as 200.49 resistance holds. Below 197.47 will resume the fall from 201.24 to 195.01 support next. Firm break there will confirm […]

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Daily Pivots: (S1) 171.92; (P) 172.92; (R1) 173.53; More… EUR/JPY recovered after drawing support fro 55 D EMA (now at 172.25) and intraday bias is turned neutral first. Risk will stay on the downside as long as 175.03 resistance holds. On the downside, sustained trading below 55 D EMA will argue that whole five-wave rally […]

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Daily Pivots: (S1) 0.8699; (P) 0.8715; (R1) 0.8734; More… Intraday bias in EUR/GBP remains neutral for the moment. On the upside, firm break of 0.8750 will resume larger rise to 0.8867 fibonacci level. However, decisive break of 0.8688 will turn bias back to the downside for 0.8631 support. Firm break there will indicate near term […]

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Daily Pivots: (S1) 1.7725; (P) 1.7760; (R1) 1.7796; More… Intraday bias in EUR/AUD stays neutral and outlook is unchanged. On the upside, above 1.7929 will resume the rebound from 1.7588 to retest 1.8155. However, sustained break of 61.8% retracement of 1.7245 to 1.8155 at 1.7593, will resume the fall from 1.8155 to 1.7245 resistance, as […]

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Daily Pivots: (S1) 0.9337; (P) 0.9351; (R1) 0.9362; More… Range trading continues in EUR/CHF and intraday bias remains neutral. On the upside, above 0.9371 will target 0.9394 resistance. Firm break there should confirm that the pullback from 0.9452 has completed, and bring retest of this resistance. Nevertheless, break of 0.9311 will resume the fall from […]

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Markets The US government shutdown to a large degree translated into a ‘market info shutdown’. US data releases including jobless claims and factory orders were delayed, depriving investors of some potential drivers. Especially jobless claims over the previous weeks showed some (intraday) market moving potential. With no key data in other developed economies like the […]

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Daily Pivots: (S1) 1.3938; (P) 1.3962; (R1) 1.3991; More… USD/CAD’s rally resumed by breaking through 1.3957 and intraday bias is back on the upside. Strong resistance is expected from 1.4014 cluster to complete the corrective rebound from 1.3538. On the downside, break of 1.3895 support will turn bias back to the downside for 1.3725. However, […]

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Daily Pivots: (S1) 0.6574; (P) 0.6599; (R1) 0.6622; More… Intraday bias in AUD/USD remains neutral and outlook is unchanged. On the upside, firm break of 0.6627 resistance will suggest that pullback from 0.6706 has completed as correction, after drawing support from 55 D EMA (now at 0.6554). That will keep the larger rally from 0.5913 […]

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Daily Pivots: (S1) 1.1680; (P) 1.1720; (R1) 1.1756; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. Considering bearish divergence condition in D MACD, sustained trading below 55 D EMA (now at 1.1675) will argue that 1.1917 was already a medium term top. Deeper fall should then be seen to 1.1390 support next. […]

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