Overall, GBP/USD is trending downwards. Recently, GBP/USD bounced off the support zone of 1.32200. The UK Construction PMI data (Actual: 55.5, Forecast: 54.9, Previous: 54.6) released yesterday indicated a faster pace of expansion in the construction sector in November. GBP/USD’s next support zone is at 1.32200 and its next resistance zone is at 1.33800. Look...
Overall, EUR/USD is trending downwards. Recently, EUR/USD broke below the key level of 1.13. The eurozone ZEW Economic Sentiment data (Forecast: 22.4, Previous: 25.9) will be released later at 1800 (GMT+8). EUR/USD’s next support zone is at 1.12000 and the next resistance zone is at 1.13900. Look for short-term selling opportunities of EUR/USD.
Overall, USD/JPY is ranging across. Recently, USD/JPY bounced off the support zone of 112.800. USD/JPY’s next support zone is at 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY.
Overall, AUD/USD is trending downwards. Recently, AUD/USD bounced up from the key level of 0.70. The Reserve Bank of Australia (RBA) will be announcing their monetary policy decision later at 1130 (GMT+8). It is expected that the central bank will be keeping monetary policy unchanged. Nonetheless, pay attention to how the RBA will communicate on the February 2022...
Overall, NZD/USD is trending downwards. NZD/USD’s next support zone is at 0.65400 and the next resistance zone is at 0.67900. Look for short-term selling opportunities of NZD/USD.
Yesterday, USD strengthened against most major currencies except GBP, AUD and CAD. The negative impact of the COVID Omicron variant has stagnated yesterday for the time being, resulting in mixed strength in USD.
Overall, EUR/JPY is trending downwards. Recently, EUR/JPY bounced off the resistance zone of 128.500. The eurozone Retail Sales m/m data (Actual: 0.2%, Forecast: 0.3%, Previous: -0.3%) released last Friday indicated a rebound in consumer spending in October from the previous month’s decline. The Eurogroup meetings will be held today. During this time, there may...
Overall, GBP/JPY is trending downwards. Recently, GBP/JPY broke below the key level of 150. The UK Construction PMI data (Forecast: 54.9, Previous: 54.6) will be released later at 1730 (GMT+8). Bank of England committee member Broadbent will be speaking later at 1930 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/JPY is bouncing off...
Overall, USD/CAD is trending upwards. Recently, USD/CAD broke above the key level of 1.28. The Canadian employment data released last Friday indicated a stronger than forecasted increase in the number of jobs in November. Furthermore, unemployment rate declined stronger than forecasted. Employment Change (Actual 153.7K, Forecast: 36.5K, Previous: 31.2K) ...
Overall, GBP/USD is trending downwards. Recently, GBP/USD trended into the support zone of 1.32200. The UK Construction PMI data (Forecast: 54.9, Previous: 54.6) will be released later at 1730 (GMT+8). Bank of England committee member Broadbent will be speaking later at 1930 (GMT+8). During this time, there may be volatility in GBP. Currently, GBP/USD is...
Overall, EUR/USD is trending downwards. Recently, EUR/USD bounced up from the key level of 1.13. The eurozone Retail Sales m/m data (Actual: 0.2%, Forecast: 0.3%, Previous: -0.3%) released last Friday indicated a rebound in consumer spending in October from the previous month’s decline. The Eurogroup meetings will be held today. During this time, there may be...
Overall, USD/JPY is ranging across. Currently, USD/JPY is bouncing off the support zone of 112.800 and the next resistance zone is at 115.300. Look for short-term buying opportunities of USD/JPY.
Overall, AUD/USD is trending downwards. Recently, AUD/USD broke the support zone of 0.71000. Currently, AUD/USD is bouncing up from the key level of 0.70. Its next support zone is at 0.68200 and the next resistance zone is at 0.71000. Look for short-term selling opportunities of AUD/USD only if it trades below the key level of 0.70.
Overall, NZD/USD is trending downwards. Recently, NZD/USD broke the support zone of 0.67900. Currently, NZD/USD is moving towards the resistance zone of 0.67900 and the next support zone is at 0.65400. Look for short-term selling opportunities of NZD/USD if it bounces off the resistance zone of 0.67900.
Yesterday, USD strengthened against most major currencies except EUR, JPY and CHF. The U.S. jobs report released last Friday indicated a mixed set of data. A rather disappointing figure of 210,000 jobs were being added in November. However, unemployment rate continues to decline, dropping to the lowest level since COVID was announced a global pandemic in March...
Hello everyone. What a volatile week for investors. I just got the time to write down something after a busy week. First of all, Fed turned to be hawkish. Taper may be accelerated according to what the Fed chair said earlier this week. In addition, He said transitory should no longer be used to describe inflation. It seems fed started to realize inflation...
Just a friendly reminder....BTC is doing the exact same thing it did just months ago, when it put in the previous Macro Bottom.... Impulse Leg up....Retracement to the 66.6%...... Repeat...... So far we've had a stellar bounce from this level. I'll follow up with a Daily or something in a bit...
Its my alternate count. Basically the idea is what current rise from 3k to 69k was just a Wave 3. Current "crash" is just a corrective Wave 4, which will go either to 100 WMA or 200 WMA, which historically provided the most support for Bitcoin. After that we will see the long awaited 100k and probably a blow-off top, peak mania phase which will mark the end of...