Forex Live
Daily Pivots: (S1) 1.2202; (P) 1.2244; (R1) 1.2320; More… GBP/USD’s rise from 1.1801 should be in progress and intraday bias stays on the upside for 1.2445/6 resistance zone. As noted before, corrective pattern from 1.2445 could have completed with three waves to 1.1801 already. Firm break of 1.2445/6 will resume larger rise from 1.0351, and […]
Daily Pivots: (S1) 130.35; (P) 131.50; (R1) 132.46; More… A temporary low should be in place at 130.52 in USD/JPY. Intraday bias is turned neutral first. But further decline is expected as long as 135.10 resistance holds. The current favored is that rebound from 127.20 has completed at 137.90 already. Sustained trading below 61.8% retracement […]
March 21, 2023 – Written by John Cameron STORY LINK Pound Australian Dollar Exchange Rate News: GBP/AUD Strengthened on Less-Hawkish RBA Minutes Australian Dollar (AUD) Weakened amid a Cautious RBA The Australian Dollar (AUD) came under increased selling pressure on Tuesday after the minutes from the Reserve Bank of Australia’s (RBA) last policy meeting were […]
Gold Price Outlook The price of gold snaps the recent series of higher highs and lows as it continues to pullback from a fresh yearly high ($ 2010), and bullion may face a larger pullback as the Relative Strength Index (RSI) falls back from overbought territory. Gold price forecast: RSI sell signal emerges The price […]
GBPUSD is struggling to surpass the 1.2270 resistance level but successfully jumped above the short-term simple moving averages (SMAs), which are hovering in the middle of the medium-term trading range of 1.1800-1.2450. Short-term momentum indicators are also pointing to a continuation of the neutral-to-negative bias. The stochastic is well above the overbought level but is […]
Daily Pivots: (S1) 0.9251; (P) 0.9281; (R1) 0.9323; More… USD/CHF is staying in tight range below 0.9339 and intraday bias remains neutral. Corrective pattern from 0.9058 low should still be in progress with rise from 0.9070 as the third leg. Above 0.9339 will target 0.9439 resistance and possibly above. But overall, outlook will stay bearish […]
Cable is a tad lower in early Europe on Tuesday, as bulls are taking a breather after strong rally in past three days, which hit the highest since Feb 2. Overall picture remains bullish, with easing of fears about crisis in banking sector, cautiously reviving risk appetite, however, concerns about the stability of US financial […]
The JP225 cash index is trying to stay in the green as volatility today is lower following a short period of extreme market movements. The index remains below the 38.2% Fibonacci retracement level of the March 8, 2022 – August 17, 2022 uptrend of 27,423. More importantly, there is an impressive convergence of the 50-, 100- and 200-day […]
Hello Traders, in this article we will analyze how XAGUSD (Silver), reacted higher from equal legs area. With the cycle from 02.02.2023 decline in Silver having a clear connector we were able to project the area in which we were expecting a reaction to take place. Here at Elliott Wave Forecast, we call these areas, […]
The Euro is holding firm tone on Tuesday morning and extending advance into fourth straight day. Near-term action continues to advance along with rising daily Ichimoku cloud base, as the cloud twists next week (1.0758) and attracts bulls. Bullish daily studies contribute to positive near-term outlook, as bulls broke through pivotal Fibo barrier at 1.0718 […]