Month: February 2022

Sideway trading continued in GBP/USD last week and outlook is unchanged. Initial bias remains neutral this week first. Break of 1.3642 will resume the rebound from 1.3356 to 1.3748 resistance. Firm break there will revive Read more…

Range trading continued in USD/CHF last week and outlook remains unchanged. Initial bias stays neutral this week first. Overall, further rally is mildly in favor as long as 0.9090 support holds. On the upside, break Read more…

AUD/USD stays in range below 0.7247 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise would remain in favor as long as 0.7050 support holds. Above 0.7247 will target Read more…

USD/CAD stays in consolidation below 1.2795 last week and outlook is unchanged. Initial bias stays neutral this week and further rally is in favor. On the upside, break of 1.2795 will resume the rally from Read more…

GBP/JPY stayed in range below 158.04 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 155.11 resistance should confirm rejection by 158.19 resistance. Intraday bias will Read more…

EUR/JPY recovered after dipping to 130.03 last week and initial bias stays neutral this week first. Corrective pattern from 134.11 is seen as extending with another falling leg. Break of 130.03 will bring deeper fall Read more…

EUR/GBP’s fall from 0.8476 continued last week after brief recovery. Initial bias stays on the downside this week for retesting 0.8282 low. Sustained break of 0.8276 key long term support will carry larger bearish implication. Read more…

EUR/AUD’s break of 1.5776 support last week argues that rise from 1.5559 has completed at 1.6223 already. Initial bias is now on the downside for 1.5559 support first. Break there will also indicate that corrective Read more…