GBP/USD’s extended fall last week suggests that rebound from 1.3139 has already completed at 1.3557. Corrective pattern from 1.3867 high is extending with another downleg. Initial bias remains mildly on the downside this week for Read more…
USD/CHF’s strong rally last week confirmed resumption of whole rise from 0.7603. Initial bias stays on the upside for 100% projection 0.7603 to 0.8041 from 0.7600 at 0.8198. Decisive break there will target 161.8% projection Read more…
Initial bias in AUD/USD remains neutral this week. On the downside, firm break of 0.6964 will argue that rebound from 0.6846 has completed as a correction, after rejection at 38.2% retracement of 0.7277 to 0.6864 Read more…
USD//CAD recovered after dipping to 1.4002 last week but failed to break through 1.4115 minor resistance. Initial bias remains neutral this week first. On the upside, firm break of 1.4115 will indicate that corrective pullback Read more…
GBP/JPY stayed in consolidations below 219.56 last week and outlook is unchanged. Initial bias remains neutral this week first. Downside should be contained by 216.39 support to bring another rally. On the upside, firm break Read more…
EUR/JPY’s rise from 182.10 resumed by breaking 186.30 last week. Initial bias remains mildly on the upside this week for retesting 187.93 high. Nevertheless, since this rebound is viewed as a corrective move, strong resistance Read more…
General Motors reported strong second-quarter results on Tuesday, July 21, but the stock was caught up in the broader automotive sell-off spurred by Tesla’s own disappointing quarter. GM topped analyst estimates on every level, driven Read more…
EUR/GBP’s extended rebound indicates short term bottoming at 0.8453. Initial bias stays mildly on the upside for 55 D EMA (now at 0.8589) and possibly above. But strong resistance should be seen from 0.8610 to Read more…
EUR/AUD’s extended fall last week suggests that rebound from 1.6108 has completed at 1.6617 already. But as a temporary low was formed at 1.6256, initial bias remains neutral this week first. Further decline is expected Read more…
EUR/JPY’s rally from 0.8979 continued last week and there is no clear sign of topping. Initial bias stays on the upside for 100% projection of 0.8979 to 0.9264 from 0.9094 at 0.9379. On the downside, Read more…