First MGM’s Mirage got sold, then Caesars said it would rebrand Bally’s, and now another iconic hotel may be knocked down. Las Vegas has always had a mixed relationship with its history. The city likes Read more…
EUR/USD’s down trend from 1.2348 finally resumed last week by breaking through 1.1185 and hit as low as 1.1120. Initial bias stays on the downside this week. Next target is 61.8% projection of 1.1908 to Read more…
USD/JPY’s break of 115.05 resistance last week suggests that pull back from 116.34 has completed at 113.46 already. Strong support from 55 day also retain near term bullishness. Initial bias stays on the upside this Read more…
GBP/USD’s deeper than expected fall last week suggests that rebound from 1.3158 has completed at 1.3748 already. More importantly, down trend from 1.4248 is not over yet. Initial bias stays on the downside this week Read more…
USD/CHF’s break of 0.9276 resistance last week suggests that corrective fall from 0.9372 has completed at 0.9090. Initial bias remains on the upside this week for 0.9372 first. Break will resume the choppy rise from Read more…
AUD/USD’s break of 0.6992 support indicate resumptions of whole down trend from 0.8006. Initial bias stays on the downside this week. Next target is 100% projection of 0.7555 to 0.6992 from 0.7313 at 0.6750. On Read more…
USD/CAD’s rebound from 1.2448 extends higher last week. Initial bias stays on the upside this week. Break of 1.2812 will target 1.2963 resistance next. On the downside, below 1.2558 minor support will turn bias back Read more…
GBP/JPY recovered after dipping to 152.88 last week. Initial bias remains neutral this week first. Outlook is unchanged that fall from 157.74 should be the third leg of the corrective pattern from 158.19. Deeper decline Read more…
EUR/JPY turned sideway after dipping to 128.23 last week. Initial bias stays neutral this week first. But outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Further decline is expected Read more…
EUR/GBP’s decline last week suggests that rebound form 0.8304 has completed at 0.8421 after rejection by 55 day EMA. Initial bias stays on the downside this week. Break of 0.8304 will resume larger down trend Read more…