After days dominated by fears of an intensified tech rout and structural disruption from artificial intelligence, markets ended the week on a steadier footing. While volatility picked up meaningfully, Friday’s price action made clear that Read more…
EUR/USD’s pullback from 1.2081 extended lower to 1.1764 last week then recovered. Initial bias remains neutral this week first. On the downside, sustained trading below 55 D EMA (now at 1.1730) will raise the chance Read more…
USD/JPY surged to 157.33 last week but lost momentum since then. Initial bias stays neutral this week first. Rise from 152.07 is seen as the second leg of the corrective pattern from 159.44. Above 157.33 Read more…
GBP/USD fell to 1.3507 last week but recovered since then. Initial bias remains neutral this week first. Deeper fall cannot be ruled out, but downside should be contained by 55 D EMA (now at 1.3479) Read more…
USD/CHF rebounded further to 0.7816 last week but lost momentum since then. Initial bias stays neutral this week first. Another rise might be seen but upside should be capped by 55 D EMA (now at Read more…
AUD/USD’s stayed in sideway trading last week as price actions from 0.7093 developed into a near term consolidation pattern. Initial bias remains neutral this week first. In case of another fall, downside should be contained Read more…
USD/CAD’s rebound from 1.3480 short term bottom extended higher last week but lost momentum after hitting 1.3723. Initial bias is turned neutral this week first. In case of another rise, upside should be limited by Read more…
GBP/JPY failed to break through 214.83 decisively last week and retreated back into established range. Current development suggests that price actions from 214.83 are merely a near term consolidation pattern. In case of another fall, Read more…
EUR/JPY’s extended rebound last week argues that price actions from 186.86 are forming a near term consolidation pattern only. Initial bias stays neutral this week first. Below 184.26 support will bring another fall. But downside Read more…
EUR/GBP edged lower to 0.8611 last week but quickly rebounded after drawing support from 0.8631 cluster support (38.2% retracement of 0.8221 to 0.8663 at 0.8618). But upside is limited below 0.8744 resistance so far. Initial Read more…