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…
EUR/AUD’s rise from 1.6108 resumed last week and hit 1.6516 then retreated. Initial bias stays neutral this week for consolidations first. Further rally is in favor as long as 1.6334 minor support holds. Above 1.6516 Read more…
Australian dollar remains at the front foot and continues to pressure strong barriers at 0.7050 zone (daily cloud base / Fibo 23.6% of 0.7277/0.6978) for the second consecutive day, but attempts to extend Thursday’s almost Read more…
EUR/CHF rose further to 0.9234 last week but retreated since then. Initial bias remains neutral this week for some consolidations. Outlook is unchanged that corrective fall from 0.9264 should have completed at 0.9094. Above 0.9234 Read more…
Canada – Walking the Tightrope The Bank of Canada took center stage this week, holding its policy rate at 2.25%. It reinforced a message that has become increasingly clear: Canada’s economic growth is soft at Read more…