GBP/USD’s recovery from 1.3322 extended higher last week, but failed to break through 1.3535 resistance. Initial bias remains neutral this week and further decline is in favor. Break of 1.3322 will resume the fall from Read more…
USD/CHF stayed in range trading below 0.8013 last week and outlook is unchanged. On the upside, sustained trading above 55 D EMA (now at 0.8008) will suggest that rise from 0.7828 is already correcting whole Read more…
AUD/USD’s rebound from 0.6519 extended higher last week but failed to break through 0.6627 resistance decisively. Initial bias remains neutral this week first. On the upside, break of 0.6627 will target a retest on 0.6706 Read more…
USD/CAD’s corrective rise from 1.3538 continued week. Initial bias stays mildly on the upside this week for 1.4014 cluster. But strong resistance should be seen there to complete the corrective rally. On the downside, below Read more…
GBP/JPY’s fall from 201.24 extended lower last week but recovered after hitting 197.47. Initial bias remains neutral this week first, but risk will stay on the downside as long as 200.49 resistance holds. Below 197.47 Read more…
EUR/JPY’s steep pullback last week confirmed short term topping at 175.03, just ahead of 175.41 high. But the cross then recovered after hitting 55 D EMA (now at 172.25). Initial bias remains neutral this week, Read more…
EUR/GBP stayed in consolidations below 0.8750 last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, break of 0.8688 will extend the fall to 0.8631 support. Decisive break there Read more…
EUR/AUD gyrated lower last week but downside was contained well above 1.7588 support. Initial bias remains neutral this week first. On the upside, break of 1.7929 will resume the rebound from 1.7588 to retest 1.8155 Read more…
EUR/CHF edged higher to 0.9371 last week but retreated back into established range. Initial bias remains neutral this week first. As price actions from 0.9311 are corrective looking, fall from 0.9452 is likely still in Read more…
Week in review A week that seemed like it might be a busy one from a data perspective did not deliver. Markets were braced for US jobs numbers and the NFP report which never arrived Read more…