Month: February 2022

GBP/USD dropped to as low as 1.3272 last week but recovered since then. Initial bias remains neutral this week first. Break of 1.3356 support suggests resumption of fall from 1.3748. Further decline is in favor Read more…

USD/CHF continued to gyrate in established range last week and outlook is unchanged. Initial bias stays neutral this week first. Choppy rise from 0.8925 would still be in favor to extend higher as long as Read more…

AUD/USD rose to 0.7282 last week but retreated sharply then. Overall, it’s staying above 0.7085 support and further rise is in favor. Initial bias is neutral this week first. On the upside, decisive break of Read more…

USD/CAD’s rebound from 1.2448 resumed and surged to 1.2876, but retreated sharply since then. Initial bias is neutral this week first, but further rise will remain in favor as long as 1.2680 support holds. Break Read more…

EUR/GBP’s pull back from 0.8476 could have completed at 0.8304 last week. Initial bias is now mildly on the upside for 0.8476 resistance first. Break there will resume the rebound from 0.8282 to 0.8598 key Read more…

EUR/AUD’s decline and break of 1.5559 support last week suggests that rebound from 1.5354 has completed with three waves up to 1.6223. Initial bias remains on the downside this week for 1.5250/5354 support zone. For Read more…

EUR/CHF dropped sharply to 1.0277 last week but recovered since then. Initial bias is neutral this week first. Further decline is still expected as long as 1.0459 minor resistance holds. Sustained trading below 1.0298 will Read more…

EUR/JPY dropped sharply to 127.90 last week but rebounded strongly to close at 130.20. The break of 130.03 support turned resistance argue that the fall from 133.13 might be completed with three waves down to Read more…