Month: April 2022

EUR/USD stayed in range last week and outlook is unchanged. Initial bias remains neutral this week first. Further decline is in favor as long as 1.0935 resistance holds. On the downside, break of 1.0756 will Read more…

USD/JPY’s up trend extended to as high as 129.39 last week, but turned sideway since then. Initial bias remains neutral this week for consolidation. Downside of retreat should be contained above 125.09 resistance turned support Read more…

GBP/USD’s down trend resumed last week and hit as low as 1.2822. Initial bias stays on the downside this week for 100% projection of 1.3641 to 1.2999 from 1.3297 at 1.2655 next. On the upside, Read more…

USD/CHF’s up trend continued last week and hit as high as 0.9592, hitting 0.9591 medium term projection level. Initial bias remains on the upside this week first. Sustained break of 0.9591 will pave the way Read more…

AUD/USD’s decline from 0.7660 extended lower last week, after brief recovery. Initial bias stays on the downside this week for 0.7164 support. Firm break there will pave the way back to 0.6966 low. On the Read more…

After dipping to 1.2457 initially, USD/CAD staged a strong rally last week and broke through 1.2675 resistance. The development confirms resumption of whole rise from 1.2401. Initial bias is now on the upside this week Read more…

GBP/JPY rose further to 168.40 last week but formed a temporary top there and retreated. Initial bias remains neutral this week for consolidations. Downside of retreat should be contained above 159.02 support to bring another Read more…

EUR/JPY rose further to as high as 139.99 last week, but formed a temporary top there and retreated. Initial bias is neutral this week for some consolidations. Downside of retreat should be contained above 134.33 Read more…