EUR/USD’s fall from 1.1807 continued last week and the development solidifies that it’s in the third leg of the corrective pattern from 1.1917. Initial bias stays on the downside this week for 1.1467 and below. Read more…
USD/JPY edged higher to 159.44 last week but retreated since then. Initial bias remains neutral this week first and more consolidations could be seen. Deeper fall cannot be ruled out. But still, outlook stays bullish Read more…
GBP/USD”s fall from 1.3567 short term top extended lower last week. Initial bias stays on the downside this week. Sustained trading below 55 D EMA (now at 1.374) will argue that the decline is another Read more…
USD/CHF’s rise from 0.7860 continued last week even though momentum hasn’t been too convincing. Initial bias stays on the upside this week for 0.8123 resistance. On the downside, below 0.7983 minor support will turn bias Read more…
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AUD/USD remains bounded in range of 0.6659/6765 last week. Initial bias stays neutral this week and further rise is in favor. On the upside, above 0.6765 will resume the whole rise from 0.5913 and target Read more…
USD/CAD’s rise from 1.3641 continued last week, and the late break of 1.3917 suggests that it’s resuming. Initial bias is back on the upside this week. As in the third leg of the corrective pattern Read more…
GBP/JPY edged higher to 214.27 last week but quickly retreated. Initial bias remains neutral this week and further rise is in favor. Break of 214.27 will resume larger up trend to 100% projection of 184.35 Read more…
EUR/JPY edged higher to 185.55 last week but retreated steeply since then. Initial bias remains neutral this week and another rise is in favor as long as 182.60 support holds. Above 185.55 will target 186.31 Read more…
EUR/GBP stayed in range above 0.8643 last week. Initial bias remains neutral and further decline is in favor. . On the downside, decisive break of 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at Read more…