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Markets US JOLTS job openings and the services ISM (both still to be published at CET 16:00) and to a lesser extent the ECB consumer expectations survey were supposed to provide some guidance as to whether recent decline in yields could finally slow down. Markets had frontloaded expectations on a first Fed and ECB rate […]

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15/01/2024

CHFJPY Wave Analysis

CHFJPY reversed from resistance level 170.50 Likely to fall to support level 168.95 CHFJPY currency pair recently reversed down from the key resistance level 170.50 (former double top from November). The downward reversal from the resistance level 170.50 created the daily candlesticks reversal pattern Dark Cloud Cover. Given the overbought daily Stochastic, CHFJPY currency pair […]
02/09/2024

GBPJPY – Probe Above Pivotal 200DMA Generating Initial Signal of Bullish Continuation

GBPJPY rose to one-month high on Monday and generated initial signal of bullish continuation on probe above the top of month-long range (192.16) reinforced by 200DMA. Firm break here to confirm signal and open way for fresh upside, with immediate target at 194.10 (50% retracement of 208.11/180.09 downtrend), violation of which to unmask next barriers […]
05/08/2024

EURJPY Wave Analysis

EURJPY falling inside accelerated impulse wave c Likely to test support level 158.00 EURJPY currency pair continues to fall inside the accelerated downward impulse wave c of the minor ABC correction 2 from the start of July. The price earlier broke the support zone lying between the support level 162.50 (former monthly low from March) […]