GBP/USD’s decline last week argues that corrective rebound from 1.1759 has completed at 1.2292 already. Initial bias stays on the downside this week for retesting 1.1759 low first. Firm break there will resume larger down Read more…
USD/CHF’s rebound from 0.9369 extended higher last week. Initial bias stays mildly on the upside for 0.9648 resistance first. Firm break there will bring stronger rally back to 0.9884 resistance next. On the downside, below Read more…
AUD/USD’s decline last week argues that corrective rebound from 0.6680 has completed with three waves up to 0.7135. Initial bias stays on the downside this week for retesting 0.6680 low next. On the upside, above Read more…
USD/CAD’s break of 1.2984 resistance suggests that corrective decline from 1.3222 has completed with three waves down to 1.2726. Initial bias is now on the upside this week for retesting 1.3222 high next. On the Read more…
GBP/JPY extended the consolidation pattern from 168.67 last week. Initial bias stays neutral this week first. On the upside, break of 163.91 will bring stronger rise to 166.31 resistance. On the downside, below 160.07 will Read more…
EUR/JPY stayed in established last week and initial bias stays neutral this week first. On the upside, break of 138.38 resistance will resume the rebound from 133.38 towards 142.31 resistance. On the downside, break of Read more…
EUR/GBP’s rebound from 0.8338 resumed last week by breaking through 0.8491 resistance. Current development argues that choppy fall from 0.8720 might be completed. Initial bias is now on the upside this week for 100% projection Read more…
EUR/AUD recovered ahead of 1.4318 low last week, but recovery is limited below 1.4804 resistance. Initial bias remains neutral this week first and further decline is expected. On the downside, firm break of 1.4318 low Read more…
EUR/CHF dropped further to 0.9602 last week but turned sideway since then. Initial bias remains neutral this week first. In case of another recovery, upside should be limited well below 0.9948 resistance to bring another Read more…
Dollar ended as the strongest one, closing notably higher against all other major currencies, as risk-on sentiment lost steam while treasury yields surged. The late momentum was rather impressive and argues that the greenback might Read more…