GBP/USD’s extended decline from 1.3631 last week confirmed short term topping. But as a temporary low was formed at 1.3381, initial bias remains neutral this week first. Near term risk will stay on the downside Read more…
USD/CHF’s recovery from 0.8054 extended higher last week but upside was capped below 0.8247 resistance. Initial bias remains neutral this week first and further fall is expected. On the downside, below 0.8054 will bring retest Read more…
AUD/USD gyrated lower last week but momentum has been weak. Initial bias remains neutral this week first. Considering bearish divergence condition in D MACD, a short term top could be formed at 0.6551. On the Read more…
USD/CAD rebounded after edging lower to 1.3538 last week. Considering bullish convergence condition in D MACD, a short term bottom could be in place. Firm break of 1.3749 support turned resistance will turn bias back Read more…
GBP/JPY edged higher to 196.38 last week but quickly retreated. Initial bias remains neutral this week first. Further rally is expected as long as 193.75 support holds. Firm break of 196.38 will resume the whole Read more…
EUR/JPY’s rally continued last week after interim retreat and there is no sign of topping yet. Initial bias is on the upside this week for 100% projection of 154.77 to 164.16 from 161.06 at 170.45. Read more…
EUR/GBP’s rebound from 0.8354 continued last week despite interim retreat. With late break of 0.8563 temporary top, initial bias is back on the upside this week for 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Read more…
EUR/AUD rebounded after retreating to 1.7626 last week but failed to break through 1.7880 resistance. Initial bias remains neutral this week first. Overall development suggests that fall from 1.8554 has completed as a corrective move Read more…
EUR/CHF’s recovery from 0.9306 extended higher last week, but upside was limited below 0.9428 resistance. Initial bias remains neutral this week first. On the upside, break of 0.9428/45 resistance zone will resume the rebound from Read more…
Canadian Highlights The main takeaway for Canada from this week’s G7 meeting was the pledge to work towards a new trade deal with the U.S. within 30 days. Economic data showed resilience in housing markets Read more…