Day Update 15 SEP 2023
EUR/USD Intraday: under pressure. Pivot:1.0690 Our preference:Short positions below 1.0690 with targets at 1.0625 and 1.0600 in extension Alternative scenario:Above 1.0690, look for further upside with 1.0720 and 1.0750 as targets. Comment:As long as the resistance at 1.0690 is not surpassed, the risk of a break below 1.0625 remains high. USD/JPY Intraday: the upside prevails. Pivot:147.20 Our preference:Long positions above 147.20 with targets […]
Market Update 08 SEP 2023
EUR/USD Intraday: The upside prevails. Pivot:1.0685 Our preference:Long positions above 1.0685 with targets at 1.0730 and 1.0750 in extension. Alternative scenario:Below 1.0685, look for further downside with 1.0670 and 1.0655 as targets. Comment:The RSI shows upside momentum. USD/JPY Intraday: caution. Pivot:147.35 Our preference:Short positions below 147.35 with targets at 146.80 & 146.60 in extension. Alternative scenario:Above 147.35 look for further upside with 147.60 & […]
Forex Market Update – September 6, 2023
As the global economy continues to navigate various challenges, the Forex market remains a dynamic arena for traders seeking opportunities. Here’s a snapshot of today’s Forex market, highlighting key trends and factors influencing major currency pairs. 1. USD Strength Persists: The US Dollar (USD) has shown resilience as it maintains its strength against several major […]
Market Update SEP 09/ 2023
EUR/USD Intraday: bullish bias above 1.0770. Pivot:1.0770 Our preference:Long positions above 1.0770 with targets at 1.0810 and 1.0830 in extension. Alternative scenario:Below 1.0770, look for further downside, with 1.0750 and 1.0730 as targets. Comment:Even though a continuation of the consolidation cannot be ruled out, its extent should be limited. USD/JPY Intraday: further advance. Pivot:146.45 Our preference:Long positions above 146.45 with targets at 146.90 […]
Market Updates 29 August 2023
EUR/USD Intraday: The upside prevails. Pivot: 1.0810 Our preference: Long positions above 1.0810 with targets at 1.0840 and 1.0860 in extension. Alternative scenario: Below 1.0810, look for further downside with 1.0795 and 1.0780 as targets. Comment: The RSI is mixed to bullish. USD/JPY Intraday: rebound. Pivot: 146.20 Our preference: Long positions above 146.20 with targets at 146.80 […]
Market Update 28 Aug 2023
EUR/USD Intraday: The upside prevails. Pivot: 1.0790 Our preference: Long positions above 1.0790 with targets at 1.0830 and 1.0845 in extension. Alternative scenario: Below 1.0790, look for further downside, with 1.0780 and 1.0765 as targets. Comment: The RSI shows upside momentum. USD/JPY Intraday: The upside prevails. Pivot: 146.20 Our preference: Long positions above 146.20 with targets at […]
Market Update 23/8/23
EUR/USD Intraday: consolidation. Pivot: 1.0870 Our preference: Short positions below 1.0870 with targets at 1.0830 and 1.0810 in extension. Alternative scenario: Above 1.0870, look for further upside with 1.0890 and 1.0910 as targets. Comment: As long as the resistance at 1.0870 is not surpassed, the risk of a break below 1.0830 remains high. USD/JPY Intraday: the […]
Market Update AUG 8th/ 2023
EUR/USD Intraday: consolidation. Pivot: 1.1010 Our preference: Short positions below 1.1010 with targets at 1.0960 and 1.0935 in extension. Alternative scenario: Above 1.1010, look for further upside with 1.1040 and 1.1060 as targets. Comment: As long as the resistance at 1.1010 is not surpassed, the risk of a break below 1.0960 remains high. USD/JPY Intraday: the bias […]
Market highlights of The Day 4 AUG 2023
First Friday of the month – 4th August 2023 The Nonfarm Payrolls report is known to trigger market fluctuations, and the potential impact goes beyond the US Dollar. It can influence the stock market and also affect the price of commodities like gold, as investors adjust their positions based on economic data.As always, it’s essential […]
Market Update 3 AUG 2023
EUR/USD Intraday: the downside prevails. Pivot: 1.0960 Our preference: Short positions below 1.0960 with targets at 1.0915 & 1.0900 in extension. Alternative scenario: Above 1.0960 look for further upside with 1.0980 & 1.1000 as targets. Comment: The RSI is mixed to bearish. USD/JPY Intraday: further advance. Pivot: 143.00 Our preference: Long positions above 143.00 with targets at […]