Category: Daily Forex Technical Reports

No change in USD/CHF’s outlook. Bullish convergence conditions in 4 hours MACD argues that a short term bottom is formed at 1.0185 but this is not confirmed by a break of 1.0388…

Daily Pivots: (S1) 1.5775; (P) 1.5875; (R1) 1.5982 With 4 hours MACD crossed above signal line, an intraday low is in place in GBP/USD at 1.5769. Some consolidation could be seen but…

Daily Pivots: (S1) 88.97; (P) 90.16; (R1) 90.83; USD/JPY’s rebound from 88.23 continues and break of 89.93 indicates that an intraday low is formed. Some more recovery might be seen but after…

Daily Pivots: (S1) 1.4549; (P) 1.4635; (R1) 1.4706 Intraday bias in EUR/USD remains on the downside with 1.4724 minor resistance intact. We’re still favoring the case that a short term top is…

Previous session overview The U.S. dollar is moderately higher against most currencies Monday morning as investors remain apprehensive about the global economy and riskier assets, with the Japanese yen the only major…

Daily Pivots: (S1) 141.55; (P) 144.12; (R1) 145.51 GBP/JPY’s fall accelerated to as low as 139.72 so far today and met mentioned target of 50% retracement of 118.81 to 163.05 at 140.93…

Daily Pivots: (S1) 1.5072; (P) 1.5098; (R1) 1.5116; 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) 0.9147; (P) 0.9183; (R1) 0.9244; EUR/GBP’s rally extended further to as high as 0.9297 today and met mentioned target of 61.8% retracement of 0.9799 to 0.8399 at 0.9264 before…