GBP/JPY’s strong rally last week suggests that consolidation from 214.98 might have completed at 209.58, and larger up trend is resuming. Initial bias stays on the upside for retesting 214.98 first. Firm break there will Read more…
EUR/JPY’s strong rally last week and breach of 186.86 high suggests that long term up trend is resuming. Initial bias remains on the upside this week. Next near term target is 161.8% projection of 180.78 Read more…
EUR/GBP stayed in range trading below 0.8740 last week and outlook is unchanged. Initial bias stays neutral this week first. Further rise is mildly in favor as long as 0.8675 support holds. Break of 0.8740 Read more…
EUR/AUD’s extended pullback last week suggests that rebound from 1.6125 has completed at 1.6842, after rejection by 55 D EMA (now at 1.6720). But as a temporary low as formed at 1.6497, initial bias is Read more…
EUR/CHF stayed in sideway trading below 0.9264 last week and outlook is unchanged. Initial bias remains neutral first, and further rise is expected with 0.9155 support intact. Firm break of 0.9264 will resume the rebound Read more…
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The announcement of a tentative US-Iran ceasefire led to the “unwinding of the fear trade”. The S&P 500 and Nasdaq Composite both enjoyed a strong recovery, finishing green for seven consecutive trading sessions. History suggests Read more…
Silver, Gold and the entire metals Market have been trading in confusion around US-Iran conflict and ceasefire news. Struggling to find stable ground, Participants wonder if they are still true safe-havens. Daily timeframe analysis for Read more…
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Canadian Highlights The ongoing U.S.-Iran conflict continues to dominate the headlines, pushing oil prices closer to recent highs. Monthly GDP and trade data shows Canada’s economy started the year on a steadier footing. The Bank Read more…