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EUR/USD’s rise from 1.1467 extended higher last week and the development solidifies that correction from 1.1917 ha already completed. Initial bias remains on the upside this week for retesting 1.1917 high. For now, further rally Read more…
USD/JPY extended the corrective pattern from 157.88 last week. Initial bias remains neutral this week first. On the downside, break of 154.33 will target 55 D EMA (now at 153.58) and possibly below. On the Read more…
USD/CHF fell to 0.7923 last week as range trading continued, but recovered since then. Initial bias is turned neutral this week first. Overall outlook is unchanged that corrective pattern from 0.7828 is still extending. On Read more…
AUD/USD’s rally from 0.6420 continued last week and hit as high as 0.6685 but retreated ahead of 0.6706 high. Initial bias remains neutral this week first. On the upside, firm break of 0.6706 will confirm Read more…
USD/CAD’s fall from 1.439 extended lower last week and there is no clear sign of bottoming yet. Initial bias stays on the downside this week. Sustained trading below 61.8% retracement of 1.3538 to 1.4139 at Read more…
GBP/JPY’s up trend resumed last week but lost momentum after hitting 208.92. Initial bias stays neutral this week for some consolidations first. Outlook will remain bullish as long as 205.17 support holds, even in case Read more…
EUR/JPY’s up trend resumed last week and there is no clear sign of topping yet. Initial bias stays on the upside for 100% projection of 161.06 to 173.87 from 171.09 at 183.90 next. On the Read more…
EUR/GBP recovered after edging lower to 0.8720, but stays below 0.8800 resistance. Initial bias stays neutral this week first. On the downside, below 0.8720 will resume the fall from 0.8863 to 0.8631 cluster (38.2% retracement Read more…
EUR/AUD’s edged lower to 1.7477 last week but recovered since then. Initial bias remains neutral this week first. On the downside, below 1.7477 will extend the decline to 100% projection of 1.8160 to 1.7561 from Read more…