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<p>NZDUSD seems to have retraced slightly to the 0.6074 level – that being the 61.8% Fibonacci retracement of the down leg from the 0.6447 high to the 11-year low of 0.5468 – after the recent appreciation of the price above the simple moving averages (SMAs) and the Ichimoku cloud. The decline from 0.6175 appears to […]

<p>The GBP/USD is moving lower after initial spike yesterday. Markets have been very nervous and in whipsaw mode. Chaotic market movements might have been caused by end month flows and fixing. Bounces close to 200 pips within different markets have been spotted. The GBP/USD is retracing and we might see buying close to 1.2500 zone […]

<p>Pivot (invalidation): 18.25 Our preference Long positions above 18.25 with targets at 20.50 & 21.60 in extension. Alternative scenario Below 18.25 look for further downside with 17.50 & 16.55 as targets. Comment The RSI is mixed to bullish.</p> <p>The post <a rel="nofollow" href="https://www.actionfo

<p>Pivot (invalidation): 15.1000 Our preference Short positions below 15.1000 with targets at 14.8500 & 14.7400 in extension. Alternative scenario Above 15.1000 look for further upside with 15.2000 & 15.3000 as targets. Comment The RSI is below its neutrality area at 50%.</p> <p>The post <a rel="nofollow" hr

<p>Pivot (invalidation): 1697.00 Our preference Short positions below 1697.00 with targets at 1679.00 & 1670.00 in extension. Alternative scenario Above 1697.00 look for further upside with 1707.00 & 1715.00 as targets. Comment Technically the RSI is below its neutrality area at 50.</p> <p>The post <a rel="nofoll

<p>Pivot (invalidation): 2953.00 Our preference Short positions below 2953.00 with targets at 2887.00 & 2845.00 in extension. Alternative scenario Above 2953.00 look for further upside with 2975.00 & 3010.00 as targets. Comment The RSI is mixed to bearish.</p> <p>The post <a rel="nofollow" href="https:/

<p>Pivot (invalidation): 6.9750 Our preference Long positions above 6.9750 with targets at 6.9990 & 7.0070 in extension. Alternative scenario Below 6.9750 look for further downside with 6.9620 & 6.9480 as targets. Comment A support base at 6.9750 has formed and has allowed for a temporary stabilisation.</p> <p>The post &

The Institute of Supply Management (ISM) will release its latest manufacturing business survey result, also known as the ISM Manufacturing PMI at 14:0

The AUD/USD pair fell sharply on disappointing data during the Asian trading hours and seems to be struggling to shake off the bearish pressure. As of

XAG/USD remains choppy just below $15.00/oz below the 50 and 100 SMAs but above the 200 SMA on the four-hour chart. The correction stemming from the 2020 lows