Full-scale war over Iran in the Middle East has pushed energies to multi-year highs and helped strengthen safe havens such as the US Dollar and Gold. I wrote on the 1st March that the best trades for the week would be: Long of Gold following a daily (New York) close above $5,418.55. This did not…
As the FX and CFDs sector began to operate in the new reality of war in the Middle East (some interesting data on that from Capital.com below), with industry hubs Dubai and Cyprus very much involved, there was still lots of news to report this past week. Who entered as the new CEO of Copenhagen…
Daily Pivots: (S1) 1.1590; (P) 1.1622; (R1) 1.1670; More…. EUR/USD is staying in consolidations above 1.1529 temporary low and intraday bias stays neutral. On the downside, below 1.1529 will resume the fall from 1.2081. Sustained break of 1.1576 structural support would confirm rejection by 1.2 key psychological level. That should also confirm medium term topping…
EUR/AUD edged lower to 1.6421 last week but recovered. Initial bias remains neutral this week first. On the downside, sustained break of 138.2% projection of 1.8554 to 1.7245 from 1.8160 at 1.6351 will extend larger down trend to 161.8% projection at 1.6042 next. However, considering bullish convergence condition in 4H MACD, firm break of 1.6691…
EUR/GBP’s extended decline last week suggests that rebound from 0.8611 has already completed at 0.8788. Initial bias stays on the downside this week for retesting 0.8611 first. Firm break there will resume the whole fall from 0.8863. Next target is 100% projection of 0.8863 to 0.8611 from 0.8788 at 0.8536. On the upside, above 0.8711…
Despite the intra-week dip, AUD/USD is still holding in range of 0.6896/7146. Initial bias remains neutral this week first. While more consolidations would be seen, outlook stays bullish with 0.6896 support intact. On the upside, break of 0.7146 will resume larger up trend to 0.7206 fibonacci level. However, firm break of 0.6896 will indicate that…
Global markets closed the week under the growing shadow of a rapidly escalating energy crisis. What began as a geopolitical confrontation in the Middle East has now evolved into a far broader macro shock, forcing investors to reassess everything from inflation risks and monetary policy to equity valuations and currency dynamics. At the center of…
EUR/JPY dipped notably last week but stayed in range of 180.78/184.75. Initial bias remains neutral this week first. On the downside, firm break of 180.78 support will indicate that fall from 186.86 is already correcting whole up rise from 154.77. Deeper fall should then be seen to 38.2% retracement of 154.77 to 186.86 at 174.60….
GBP/USD fell to 1.3252 last week but recovered since then. Initial bias remains neutral this week first. Risk will stay on the downside as long as 1.3574 resistance holds, in case of stronger rebound. On the downside, below 1.3252 will extend the fall from 1.3867 to 1.3008 structural support. Decisive break there will carry larger…
EUR/USD dived to as low as 1.1529 last week but recovered after breaching 1.1576 support briefly. Initial bias remains neutral first and further decline is in favor as long as 1.1740 support turned resistance holds. On the downside, below 1.1529 will target 38.2% retracement of 1.0176 to 1.2081 at 1.1353 next. In the bigger picture,…