GBP/USD’s break of 1.3265 resistance turned support last week confirmed short term topping at 1.3433. Initial bias stays on the downside this week for 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999). Read more…
USD/CHF’s rebound from 0.8374 resumed last week by breaking through 0.8548 resistance last week. Initial bias stays on the upside this week for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will Read more…
A short term top should be formed at 0.6941 last week as AUD/USD broke through 0.6823 resistance turned support. Initial bias is now on the downside this week for 55 D EMA (now at 0.6744). Read more…
USD/CAD’s rebound from 1.3418 extended higher last week. Initial bias stays on the upside this week for 38.2% retracement of 1.3946 to 1.3418 at 1.3505. Decisive break there will target 61.8% retracement at 1.3559 next. Read more…
Consumers across the country are under a lot of stress. Inflation, lack of affordable housing, layoffs and natural disasters, are just a few of the many pain points that are hitting consumers’ wallets. To add Read more…
GBP/JPY rebounded after initial dip to 189.54 last week, but upside is limited below 195.95 resistance. Initial bias stays neutral this week first. On the upside break of 195.95 will resume whole rise from 180.00 Read more…
EUR/JPY rebounded after initial dip to 158.09 last week but upside is limited below 163.47 resistance. Initial bias remains neutral this week first. On the upside, break of 163.47 will resume the rebound from 154.40 Read more…
EUR/GBP rebounded strongly after initial dip to 0.8309 last week. But upside was capped by 38.2% retracement of 0.8624 to 0.8309 at 0.8429. Initial bias stays neutral this week and outlook remains bearish. On the Read more…
EUR/AUD’s dipped further to 1.6002 last week but recovered just ahead of 1.5996 key support level. Initial bias stays neutral this week first. On the upside, firm break of 1.6184 resistance should confirm short term Read more…
EUR/CHF was bounded in range trading inside 0.9332/9506 last week. Initial bias stays neutral this week first. For now, the favored case is that rise from 0.9209 low is not finished yet. Break of 0.9506 Read more…