USD/JPY’s steep decline last week confirms medium term topping at 163.97, on bearish divergence condition in D MACD. Fall from there is seen as correcting the whole rise from 139.87. Initial bias remains on the Read more…
GBP/USD rebounded strongly last week but upside is still capped below 1.3557 resistance. Initial bias remains neutral this week first. Overall, corrective pattern from 1.3867 is still extending. On the upside, break of 1.3557 will Read more…
USD/CHF is still holding above 0.8029 support despite last week’s steep pullback. Initial bias remains neutral this week first and further rally is in favor. Firm break of 0.8205 will extend the rally from 0.7603 Read more…
AUD/USD’s rebound from 0.6864 resumed by breaking through 0.7026 last week. Initial bias stays mildly on the upside this week for 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083. On the downside, below Read more…
USD/CAD fall from 1.4247 resumed after initial recovery to 1.4127. While deeper decline cannot be ruled out, downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to 1.4247 at 1.3954 to bring Read more…
GBP/JPY’s steep decline last week argue that it might be correcting whole up trend from 184.35 to 219.56. Firm break of 212.36 support would confirm this case, and bring deeper fall to 38.2% retracement of Read more…
EUR/JPY’s steep decline last week suggests that it’s already in the third leg of the pattern from 187.93. Initial bias stays on the downside this week for 180.78 support. Decisive break there will indicate that Read more…
EUR/GBP rebounded further to 0.8585 last week but retreated. Initial bias remains neutral this week first. While another rise cannot be ruled out, strong resistance should be seen from 0.8610 support turned resistance to limit Read more…
EUR/AUD rebounded notably after initial dip to 1.6250. The development suggests that near term corrective pattern from 1.6108 (or 1.6125) is still extending. Initial bias is neutral this week first. On the upside, above 1.6492 Read more…
EUR/CHF rose further to 0.9348 last week but turned sideway since then. Initial bias remains neutral this week for some consolidations first. Further rally is expected as long as 0.9265 resistance turned support holds. Break Read more…