Outlook in USD/CHF is unchanged and intraday bias remains neutral. More consolidations could be seen below 0.8205. Further rally is in favor with 0.8029 support intact. Firm break of 0.8205 will extend the rally from Read more…
AUD/USD’s rebound from 0.6864 is still in progress for 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. Firm break there could prompt upside acceleration to 161.8% projection at 0.7183. On the downside, however, Read more…
No change in USD/CAD’s outlook. 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…
Intraday bias in GBP/JPY stays neutral for the moment. More consolidations would be seen above 209.55 temporary low. Risk will stay on the downside as long as 55 4H EMA (now at 214.31) holds. Below Read more…
Intraday bias in EUR/JPY remains neutral. More consolidations could be seen above 179.34 temporary low. Risk will remain on the downside as long as 55 4H EMA (now at 183.48) holds. Below 179.34 will extend Read more…
Intraday bias in EUR/GBP stays neutral at this point. 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 0.8258 Read more…
Range trading continues in EUR/AUD and intraday bias stays 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 the downside, Read more…
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Gold rose to 4,300 USD per ounce on Thursday, marking its fourth consecutive session of gains. The metal has advanced nearly 6% since the start of the week, supported by a partial agreement to reopen Read more…
The BoJ’s support is needed to maintain current USDJPY levels. The return of the ‘sell America’ trade is weighing on the USD. The US dollar continued its retreat against a backdrop of easing geopolitical risks Read more…