Daily Pivots: (S1) 0.7773; (P) 0.7848; (R1) 0.7891; More…. Intraday bias in USD/CHF remains on the downside for 0.7774 and then 61.8% projection of 0.8041 to 0.7774 from 0.7923 at 0.7758. Firm break there will target 100% projection at 0.7656. On the upside, above 0.7829 minor resistance will turn intraday bias neutral first. But risk…
Daily Pivots: (S1) 215.64; (P) 215.97; (R1) 216.52; More… GBP/JPY’s steep decline and strong break of 55 D EMA today suggests that a medium term top was already formed at 216.58, on bearish divergence condition in D MACD. While deeper fall cannot be ruled out, strong support should emerge from 209.58 to bring rebound, at…
Welcome to today’s Market Blast, and today we will take a look at Forex Trading on AUD/CHF, AUD/NZD, Gold, XAU/USD, WTI, Brent Crude Oil, the NASDAQ, and the Dow Jones Industrial Average. We are seeing a risk-on mood in US equities based on excellent corporate earnings and high growth. The next key level for the…
Bird’s-eye view of central Tokyo including Tokyo Tower at sunrise hours. Vladimir Zakharov | Moment | Getty Images The Japanese yen surged against the dollar on Friday, extending gains that came the previous day after officials in Tokyo said they stood ready to intervene in the foreign exchange market. Friday saw the Japanese currency rise…
Key Highlights GBP/USD corrected gains and tested the 1.3450 support. A declining channel is forming with resistance at 1.3560 on the 4-hour chart. Gold prices are moving lower below the $4,650 support. The US GDP could grow by 2.3% in Q1 2026 (Preliminary). GBP/USD Technical Analysis The British Pound started a downside correction from 1.3600…
Daily Pivots: (S1) 159.79; (P) 160.14; (R1) 160.79; More… USD/JPY’s break of 160.45 resistance confirms resumption of rally from 152.25. Intraday bias is on the upside for retesting 161.94 high. Decisive break there will target 61.8% projection of 139.87 to 159.44 from 152.25 at 164.34 next. On the downside, below 159.83 minor support will turn…
Daily Pivots: (S1) 1.1650; (P) 1.1687; (R1) 1.1713; More…. Intraday bias in EUR/USD stays neutral for the moment. On the upside, sustained trading above 61.8% retracement of 1.2081 to 1.1408 at 1.1824 will pave the way to retest 1.2081 high. However, firm break of 1.1642 support will indicate the the rebound from 1.1408 has completed,…
Confirming our report at the time of its IPO back in February, Retail FX and CFDs broker iFOREX Financial Trading Holdings Ltd (LON:IFRX) has released its 2025 results, showing fairly flat growth in the year, while non-recurring IPO costs led to a net loss for the company. iFOREX 2025 results In its IPO prospectus iFOREX…
Created on April 30, 2026 The 1.17000 realm in the EUR/USD is a battlefield as of this writing. The EUR/USD which began the month of April near the 1.15620 vicinity went higher as financial institutions digested some of the concerns they had about the Iranian war, yet clarity near-term remains nervous. A high of around…
Key takeaways Verbal intervention triggered a sharp reversal: USD/JPY hit 160.73 before a “final warning” from Japan’s FX official sparked a 0.9% drop, with the yen posting its strongest daily gain since mid-March. Key technical levels in focus: Immediate supports lie at 159.05, 158.60 (50-day MA), and 157.50, while resistance remains at 160.45, 160.74, and…