EUR/USD’s strong rally and break of 1.1807 confirms that rise from 1.1467 is resuming. Also, corrective pattern from 1.197 could have completed with three waves to 1.1576. Initial bias stays on the upside this week Read more…
USD/JPY’s steep decline and break of 156.10 support last week confirms that a short term top was at least formed at 159.44. Considering bearish divergence condition in D MACD, price actions from there should be Read more…
GBP/JPY’s rise from 1.3008 resumed last week by breaking through 1.3567 short term top decisively. Initial bias stays on the upside this week for retesting 1.3787 high. Firm break there will confirm larger up trend Read more…
USD/CHF’s steep decline and break of 0.7828 low last week confirms long term down trend resumption. Initial bias stays on the downside this week. Next target is 0.7382 projection level. On the upside, above 0.7878 Read more…
AUD/USD’s up trend from 0.5913 resumed last week and accelerated higher. Initial bias stays on the upside this week for 61.8% projection of 0.5913 to 0.6706 from 0.6420 at 0.6910. Firm break there will pave Read more…
USD/CAD’s extended steep decline last week suggests that rebound from 1.3641 has completed at 1.3927 already. Initial bias stays on the downside this week for 1.3641 support first. Firm break there will target 1.3538 low. Read more…
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GBP/JPY edged higher to 214.83 last week but retreated since then. Initial bias remains neutral this week and further rally is in favor with 210.63 support intact. Break of 214.83 will resume larger up trend Read more…
EUR/JPY spiked higher to 186.86 last week but quickly retreated after meeting 186.31 projection level. Initial bias remains neutral this week first. As long as 182.75 support holds, further rally is in favor. Firm break Read more…
EUR/GBP reversed and fell sharply after recovery to 0.8744 earlier in the week. The rejection by 55 D EMA (now at 0.8715) keeps fall from 0.8863 intact. Initial bias is back on the downside this Read more…