EUR/USD dipped to 1.1467 last week but quickly recovered. Initial bias remains neutral this week first. Further fall would remain in favor as long as 55 D EMA (now at 1.1628) holds. Below 1.1467 will Read more…
USD/JPY edged higher to 154.47 last week but retreated again. Initial bias remains neutral this week for some more consolidations. Further rally is expected as long as 151.52 support holds. Above 154.47 will resume larger Read more…
GBP/USD fell further to 1.3008 last week but recovered since then. Initial bias remains neutral this week first. Further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will target Read more…
USD/CHF rose to 0.8123 last week but retreated after hitting 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Initial bias remains neutral this week first. On the downside, decisive break of 55 D Read more…
AUD/USD fell to as low as 0.6457 last week but turned sideway since then. Initial bias remains neutral this week first. On the downside, break of 0.6457 will target 0.6413 cluster (38.2% retracement of 0.5913 Read more…
USD/CAD rose further to 1.4139 last week but retreated sharply since then. The break of 55 4H EMA (now at 1.4054) suggests that a short term top was already formed. Initial bias is mildly on Read more…
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GBP/JPY edged lower to 199.04 again last week but quickly recovered. Initial bias stays neutral this week first. For now, the structure of the fall from 205.30 suggests that it’s only a corrective move. Break Read more…
EUR/JPY’s retreat from 178.80 extended lower last week but recovered after hitting 175.67. Initial bias stays neutral this week and risk will remain mildly on the downside as long as 178.80 resistance holds. Break of Read more…
EUR/GBP edged higher to 0.8828 last week but retreated again. Initial bias stays neutral this week for more consolidations. Further rally is expected as long as 0.8761 support holds. On the upside, break of 0.8828 Read more…