EUR/USD’s rise from 1.1408 extended higher to 1.1848 last week, but failed to take out 61.8% retracement of 1.2081 to 1.1408 at 1.1824 decisively. Initial bias is turned neutral this week first. On the upside, Read more…
USD/JPY experienced some high volatility last week but after all, it’s still bounded in range trading below 160.45. Initial bias stays neutral this week first. Further rise is expected with 157.49 cluster support (38.2% retracement Read more…
GBP/USD’s rebound from 1.3158 extended higher last week but failed to break through 61.8% retracement of 1.3867 to 1.3158 at 1.3596 decisively. Initial bias remains neutral this week first. On the upside, sustained break of Read more…
USD/CHF’s extended fall last week argues that rebound from 0.7603 has completed as a corrective move to 0.8041. Initial bias stays on the downside this week. Sustained break of 61.8% retracement of 0.7603 to 0.8041 Read more…
AUD/USD’s up trend resumed by breaking through 0.7187 last week. Initial bias stays on the upside this week for 61.8% projection of 0.6420 to 0.7187 from 0.6832 at 0.7306. On the downside, below 0.7151 minor Read more…
USD/CAD’s extended decline last suggests that rise from 1.3480 has completed with three waves up to 1.3965. Initial bias stays on the downside this week. Sustained break of 61.8% retracement of 1.3480 to 1.3965 at Read more…
GBP/JPY’s pullback from 125.89 accelerated lower last week, but downside is contained above 213.29 resistance turned support. Initial bias stays neutral this week first. Firm break of 215.89 will resume larger up trend to 61.8% Read more…
EUR/JPY’s sharp reversal last week suggests that a short term top was already formed at 187.93. Initial bias is mildly on the downside this week for 38.2% retracement of 182.56 to 187.93 at 185.87. For Read more…
EUR/GBP gyrated in range below 0.8740 last week and outlook is unchanged. Initial bias remains neutral this week first. As long as 0.8675 support holds, further rise remains mildly in favor. On the upside, break Read more…
EUR/AUD’s fall from 1.6842 resumed last week. Outlook is unchanged that rebound from 1.6125 should have completed after rejection by 55 D EMA. Initial bias remains on the downside this week for retesting 1.6125 low. Read more…