USD/JPY’s rebound from 155.22 extended higher. While further rise could be seen, sustained break of 55 4H EMA (now at 159.67) is needed to indicate that fall from 163.97 has completed. Otherwise, risk will remain Read more…
Intraday bias in GBP/USD stays neutral as range trading continues. Overall, corrective pattern from 1.3867 is still extending. On the upside, break of 1.3557 will extend the rise from 1.3139 to 1.3657 resistance first. On Read more…
USD/CHF is still staying in established range below 0.8205 and intraday bias remains neutral. Further rally is in favor with 0.8029 support intact. Firm break of 0.8205 will extend the rally from 0.7603 to 161.8% Read more…
Intraday bias in AUD/USD is turned neutral with current retreat. Above 0.7063 will extend the rise from 0.6864 to 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. Firm break there could prompt upside Read more…
Outlook in USD/CAD is unchanged. While corrective fall from 1.4247 might extend lower, downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring rebound. Firm break of Read more…
GBP/JPY’s rebound from 209.55 extended higher. But near term risk will stay on the downside as long as 55 4H EMA (now at 214.06) holds. Below 211.67 minor support will bring retest of 209.55 low Read more…
EUR/JPY’s rebound continues today. While further rise could be seen, overall near term risk will stay on the downside as long as 55 4H EMA (now at 183.48) holds. Below 181.15 minor support will bring Read more…
Sideway trading continues in EUR/GBP and intraday bias remains neutral. While another rise cannot be ruled out, strong resistance should be seen from 0.8610 support turned resistance to limit upside. On the downside, break of Read more…
EUR/AUD is still bounded in sideway trading and intraday bias remains neutral. Overall, near term corrective pattern from 1.6108 (or 1.6125) is still extending. On the upside, above 1.6503 will target 1.6617 resistance first. On Read more…
Advanced Micro Devices (AMD) just reported the strongest quarter in its 56-year history, and shareholders responded by selling. The chipmaker posted record revenue, more than doubled its data center sales, and raised its outlook above Read more…