Month: November 2023

Dollar emerged as the best performer last week, fueled by hawkish remarks from Fed Chair Jerome Powell. The greenback’s surge raises questions: is this merely a recovery from recent losses, or the beginning of a Read more…

EUR/USD turned sideway after edging higher to 1.0755 last week. Initial bias remains neutral this week first. On the upside, decisive break of 1.0764 cluster resistance (38.2% retracement of 1.1274 to 1.0447 at 1.0763) will Read more…

USD/JPY rebounded strongly last week but upside is capped below 151.69 resistance so far. Consolidation from 151.69 could still extend further. Break of 150.75 will start a falling leg back towards 148.79 support. But overall, Read more…

GBP/USD reversed after edging higher to 1.2426 last week. The development argues that corrective rebound from 1.2036 has completed with three waves to 1.2426. Initial bias is mildly on the downside this week for retesting Read more…

USD/CHF’s pull back from 0.9111 extended to 0.8952 last week but recovered since then. Initial bias remains neutral this week first. On the downside, below 0.8952 will target a test on 0.8886 support first. Break Read more…

AUD/USD’s steep decline last week argues that rebound from 0.6269 has completed at 0.6521. Initial bias remains mildly on the downside this week for retesting 0.6269 low. On the upside, above 0.6390 minor resistance will Read more…

USD/CAD’s strong rebound last week indicates that pull back from 1.3897 has completed at 1.3627. Initial bias stays mildly on the upside this week for retesting 1.3897 resistance next. Strong resistance could be seen there Read more…