Month: March 2022

EUR/USD dived to as low as 1.0884 last week as the down trend from 1.2348 resumed. Initial bias stays on the downside this week. Next target is 61.8% projection of 1.2265 to 1.1120 from 1.1494 Read more…

USD/JPY stayed in sideway trading last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, firm break of 116.34 will resume larger up trend from 102.58 to 118.65 long Read more…

GBP/USD’s fall from 1.3748 continued last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 1.3158 first. Firm break there will carry larger bearish implications. For Read more…

Range trading continued in USD/CHF 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 0.9090 support Read more…

AUD/USD’s rise from 0.6966 resumed last week and hit as high as 0.7379. The break of 0.7313 resistance argues that fall from 0.8006 has completed at 0.6966, after drawing support from 0.6991. Initial bias stays Read more…

USD/CAD dropped to 1.2586 last week but quickly rebounded. Near term outlook is turned mixed for now, and initial bias is neutral this week first. On the upside, break of 1.2876 will resume the rally Read more…

GBP/JPY’s fall from 158.04 continued last week and hit as low as 151.44. Initial bias stays on the downside this week for 148.94 support next. On the upside, break of 155.20 resistance is needed to Read more…

EUR/JPY dropped sharply to as low as 125.06 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 121.94 medium term fibonacci level. On the upside, Read more…

EUR/GBP’s dropped to as low as 0.8229 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week first. Firm break of 100% projection of 0.8476 to 0.8304 Read more…