USD/CHF’s rally from 0.7603 extended higher last week. The strong break of 55 D EMA (now at 0.7817) suggests that it’s already corrective whole down trend from 0.9200. Initial bias is on the upside this Read more…
AUD/USD edged higher to 0.7187 last week but fell sharply from there. Nonetheless, downside is contained above 0.6943 support so far. Initial bias remains neutral this week first, and further rally is in favor at Read more…
USD/CAD staged a strong rebound after initial dip to 1.3524 last week. But upside is still capped below 1.3751 resistance. Initial bias remains neutral this week first. On the upside, firm break of 1.3751 will Read more…
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GBP/JPY rose further to 213.28 last week. But subsequent selloff from there argue that the rebound fro 207.20 has completed as a three-wave corrective move. Initial bias is mildly on the downside this week for Read more…
Range trading continued in EUR/JPY last week and overall outlook is unchanged. Initial bias remains neutral this week first. On the downside, below 182.00 will target 180.78. Firm break there will indicate that fall from Read more…
EUR/GBP accelerated lower to 0.8615 last week but recovered just ahead of 0.8611 support. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 55 D EMA Read more…
EUR/AUD’s down trend accelerated to as low as 1.6125 last week but recovered since then. Initial bias remain neutral this week for consolidations. But outlook will remain bearish as long as 1.6594 resistance holds. Firm Read more…
EUR/CHF edged lower to 0.8979 last week but quickly recovered. Initial bias remains neutral this week for some more consolidations first. But risk will stay on the downside as long as 0.9092 support turned resistance Read more…
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