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GBP/USD edged lower to 1.1404 last week but recovered after drawing support from 1.1409 low. Initial bias is mildly on the upside for further rebound to 55 day EMA (now at 1.1942). On the downside, Read more…

USD/CHF reversed after edging higher to 0.9868 last week. The development suggests that corrective pattern from 1.0063 is extending with another falling leg. Initial bias remains on the downside this week for 0.9369 support. On Read more…

AUD/USD dipped to 0.6698 last week but recovered ahead of 0.6680 low. Initial bias is mildly on the upside this week for 55 day EMA (now at 0.6919). Sustained break there will target 0.7135 resistance Read more…

USD/CAD retreated deeply last week but holds above 1.2971 minor support. Initial bias remains neutral this week first. On the upside, decisive break of 1.3222 will resume larger up trend from 1.2005. Next target is Read more…

GBP/JPY rose to 166.29 last week but retreated since then. Initial bias is neutral this week first. On the upside, break of 166.31 resistance will argue that larger up trend might be ready to resume. Read more…

EUR/JPY rose further to as high as 144.71 last week, and break of 144.26 indicates resumption of larger up trend. But as a temporary top was formed, initial bias is turned neutral for consolidation this Read more…

EUR/GBP edged higher to 0.8710 last week, but retreated ahead of 0.8720 resistance. Initial bias is turned neutral this week first. On the upside, decisive break of 0.8720 high will carry larger bullish implications. Next Read more…

EUR/AUD’s rebound from 1.4281 short term bottom extended further to 1.4880 last week. But a temporary top was formed with subsequent retreat. Initial bias is neutral this week first. On the upside, above 1.4880 will Read more…

EUR/CHF’s decline last week suggests that corrective rebound from 0.9550 has completed at 0.9864 already. Initial bias stays on the downside this week for retesting 0.9550 first. Next target is 61.8% projection of 1.0512 to Read more…

Euro ended the week broadly higher, with help from ECB’s historical rate hike. Yet, it was outshone by Swiss Franc, which was the biggest winner after SNB reiterated the stance of welcoming Franc’s appreciation. Canadian Read more…