AUD/USD gyrated lower last week as consolidations from 0.6685 continues but outlook is unchanged. Further rally is expected for now. Decisive break of 0.6706 will resume the whole rise from 0.5913 and target 61.8% projection Read more…
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USD/CAD edged lower to 1.3728 last week but recovered after drawing support from 61.8% retracement of 1.3538 to 1.4139 at 1.3768. Initial bias stays neutral this week first. On the downside, sustained trading below 1.3768 Read more…
GBP/JPY’s up trend continued last week and there is no sign of topping yet. Initial bias stays on the upside this week for 61.8% projection of 184.35 to 205.30 from 199.04 at 211.98. Firm break Read more…
EUR/JPY’s up trend continued last week and 4H MACD’s break of falling trend line indicates upside re-acceleration. Initial bias stays on the upside this week for 186.31 long term projection level next. For now, outlook Read more…
EUR/GBP’s recovery was limited below 0.8800 resistance last week and outlook is unchanged. Initial bias remains neutral this week and fall form 0.8863 short term top is in favor to continue. Break of 0.8720 will Read more…
EUR/AUD’s strong rebound and breach of 55 D EMA (now at 1.7726) last week argues that fall from 1.8160 might have completed. But as a temporary top was formed at 1.7804, initial bias stays neutral Read more…
EUR/CHF gyrated lower last week and as fall from 0.9394 short term extended. Further decline is in favor this week. Sustained trading below 55 D EMA (now at 0.9317) will argue that rebound from 0.9178 Read more…
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Week in review US stocks finished the week strong on Friday, recovering from a rocky start earlier in the week. The rise was driven mostly by technology companies, which performed well enough to outweigh heavy Read more…