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Global markets closed the week under the growing shadow of a rapidly escalating energy crisis. What began as a geopolitical confrontation in the Middle East has now evolved into a far broader macro shock, forcing Read more…
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EUR/USD dived to as low as 1.1529 last week but recovered after breaching 1.1576 support briefly. Initial bias remains neutral first and further decline is in favor as long as 1.1740 support turned resistance holds. Read more…
USD/JPY’s rally from 152.25 continued last week and outlook is unchanged. Initial bias stays on the upside this week for retesting 159.44 high. On the downside, below 156.44 support will turn bias neutral first. Overall, Read more…
GBP/USD fell to 1.3252 last week but recovered since then. Initial bias remains neutral this week first. Risk will stay on the downside as long as 1.3574 resistance holds, in case of stronger rebound. On Read more…
USD/CHF rebounded further to 0.7877 last week but failed to sustain above 55 D EMA (now at 0.7817) and retreated. Initial bias remains neutral this week first. On the downside, break of 0.7671 support will Read more…
Despite the intra-week dip, AUD/USD is still holding in range of 0.6896/7146. Initial bias remains neutral this week first. While more consolidations would be seen, outlook stays bullish with 0.6896 support intact. On the upside, Read more…
USD/CAD’s late decline last week suggests that consolidation pattern from 1.3480 has completed with three waves up to 1.3751, after hitting 55 D EMA (now at 1.3714). Initial bias is back on the downside this Read more…
GBP/JPY gyrated in tight range below 212.10 temporary top last week. Initial bias remains neutral this week first. Overall, price actions from 214.98 are seen as a corrective pattern that could extend further. On the Read more…