Month: July 2024

EUR/USD: FOMC – Are Surprises Expected on 31 July? This review will begin somewhat unusually, not from the start, but from the end of the past work week. On the evening of 18 July and Read more…

EUR/USD edged higher to 1.0947 last week but retreated since then. Initial bias remains neutral this week first, and further rise is in favor as long as 1.0871 minor support holds. Break of 1.0947 will Read more…

USD/JPY’s correction from 161.94 extended to 155.36 last week but recovered since then. Initial bias remains neutral this week and further fall is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of Read more…

GBP/USD edged higher to 1.3043 last week but retreated since then. Initial bias remains neutral this week for consolidations first. Downside should be contained by 1.2859 resistance turned support to bring another rally. Break of Read more…

USD/CHF dipped to 0.8819 last week as fall from 0.9223 tried to resumed, but recovered since then. Initial bias remains neutral this week first. Further decline is in favor as long as 0.8914 support turned Read more…

AUD/USD’s fall from 0.6798 short term top extended lower last week. Initial bias stays on the downside this week for 38.2% retracement of 0.6361 to 0.6798 at 0.6631. Strong rebound would be seen there to Read more…

USD/CAD’s strong rally last week suggests that consolidative pattern from 1.3845 has completed with three waves to 1.3588, after being supported by 38.2% retracement of 1.3716 to 1.3845 at 1.3589 Initial bias stays on the Read more…

GBP/JPY’s pullback from 208.09 extended lower last week but recovered after hitting 202.08. Initial bias remains neutral this week first. Further fall is in favor as long as 205.77 resistance holds. This decline from 208.09 Read more…

EUR/JPY’s fall from 175.41 short term top extended lower last week but recovered after hitting 169.98. Initial bias remains neutral this week first, and further fall is in favor as long as 172.91 resistance holds. Read more…

EUR/GBP recovered after edging lower to 0.8382 last week. With break of 55 4H EMA (now at 0.8421), initial bias is mildly on the upside for stronger rebound to 55 D EMA (now at 0.8477). Read more…