The market exuberance that erupted after the Nov. 5 election is still going strong, even if the some of biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, Read more…
EUR/USD’s decline from 1.1213 continued last week and accelerated to as low as 1.0330. There is no sign of bottoming yet and initial bias stays on the downside this week. Sustained trading below 1.0404 key Read more…
USD//JPY stayed in consolidation below 156.74 last week. and initial bias stays neutral this week first. On the downside, break of 153.27 will bring deeper correction to 38.2% retracement of 139.57 to 156.74 at 150.18. Read more…
GBP/USD’s fall from 1.3433 continued last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. Decisive Read more…
USD/CHF’s rally from 0.8374 continued last week despite interim consolidations. Initial bias stays on the upside this week for further rise to 0.9223 key resistance. For now, outlook will remain bullish as long as 0.8800 Read more…
AUD/USD stayed in consolidation above 0.6440 last week and outlook is unchanged. Initial bias remains neutral this week for some more consolidations. But further decline is expected as long as 0.6687 resistance holds. On the Read more…
USD/CAD stayed in consolidation last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 1.4035 minor resistance will bring retest of 1.4104 high. Firm break there will resume Read more…
GBP/JPY’s fall from 199.79 extended lower last week despite interim rebound. Current development suggests that corrective rise from 180.00 has completed with three waves up to 199.79. Initial bias is on the downside this week Read more…
EUR/JPY’s decline from 166.67 extended lower last week despite interim rebound. Current development suggests that corrective rebound from 154.40 has completed with three waves up to 166.67. Initial bias is now on the downside this Read more…
EUR/GBP spiked lower to 0.8267 last week but failed to break through 0.8259 low and recovered. Initial bias remains neutral this week first. Some more range trading could be seen but outlook will stay bearish Read more…