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EUR/USD edged lower to 1.1499 last week but recovered since then. Initial bias remains neutral this week for consolidations. Risk will stay on the downside as long as 1.1685 resistance holds. Break of 1.1499 will Read more…
USD/JPY retreated notably after edging higher to 160.58 last week. Considering bearish divergence condition in 4H MACD, a short term top could be formed ahead of 160.71 key resistance. On the downside, break of 159.54 Read more…
GBP/USD failed to break through 1.3300 support last week as sideway trading continued. Initial bias remains neutral this week first. Risk will stay mildly on the downside as long as 1.3508 resistance holds. Firm break Read more…
USD/CHF’s rally from 0.7760 continued last week but retreated after hitting 0.8012. Initial bias stays neutral this week for consolidations. Further rise is expected as long as 0.7906 resistance turned support holds. Above 0.8012 will Read more…
AUD/USD’s edged lower to 0.6977 last week but recovered since then. Initial bias remains neutral this week first. Risk will stay on the downside as long as 0.7076 support turned resistance holds. Below 0.6977 will Read more…
USD/CAD’s rise continued last week and took out 1.3965 resistance. Initial bias remains on the upside this week. Sustained break of 38.2% retracement of 1.4791 to 1.3480 at 1.3981. Decisive break there will carry larger Read more…
GBP/JPY fell sharply to 212.90 last week but recovered since then. Initial bias remains neutral this week first. Rebound from 210.43 could have completed and risk will stay mildly on the downside as long as Read more…
EUR/JPY’s fall to 183.95 last week suggests that rebound from 182.01 has completed at 186.18. But intraday bias was then turned neutral with subsequent recovery. Risk will now stay on the downside as long as Read more…
EUR/GBP remained bounded in sideway trading last week and outlook is unchanged. Initial bias stays neutral this week. On the downside, decisive break of 0.8610 support will revive the case of bearish trend reversal. However, Read more…