Category: Daily Forex Technical Reports

Previous session overview The dollar is holding its modest gains against most of its major rivals early Tuesday, amid an uncertain risk environment and mixed signals from equity markets. The dollar was…

Previous session overview The dollar and euro rose against the yen in Asia Tuesday as Japanese importers bought the two currencies to procure natural resources cheaply from overseas, but traders expect the…

Daily Pivots: (S1) 140.34; (P) 141.73; (R1) 143.76 GBP/JPY recovers after dropping to as low as 139.72. An intraday low should be in place with 143.15 minor resistance broken with 4 hours…

Daily Pivots: (S1) 1.5074; (P) 1.5097; (R1) 1.5113 Further decline in EUR/CHF cannot be ruled out but after all, price actions from 1.5380 are treated as corrective in nature. Hence, downside should…

Daily Pivots: (S1) 0.9164; (P) 0.9231; (R1) 0.9270 With 4 hours MACD dragged below signal line, an intraday top should be in place in EUR/GBP at 0.9297. Some consolidation could now be…

Daily Pivots: (S1) 129.96; (P) 130.88; (R1) 131.97 With 4 hours MACD crossed above signal line, an intraday low should be in place in EUR/JPY and some consolidations might now be seen….

Daily Pivots: (S1) 0.8622; (P) 0.8688; (R1) 0.8791 AUD/USD rebounded strongly after drawing support from 0.8589. While upside momentum is clearly diminishing, there is not confirmation of topping with 0.8589 support intact….

Daily Pivots: (S1) 1.0790; (P) 1.0890; (R1) 1.0950 USD/CAD’s pull back from 1.0991 extends further and the break of 1.0859 indicates that an intraday top is in place. Some consolidation should now…