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EUR/USD’s rebound from 1.1467 extended higher last week retreated after hitting 1.1655. Initial bias is turned neutral this week first. Fall from 1.1917 might have completed as a three wave correction at 1.1467. Above 1.1655 Read more…
USD/JPY edged higher again last week as rise from 139.87 extended, but retreated after hitting 155.03. Initial bias remains neutral this week first. On the upside, break of 155.03 will target 100% projection of 146.58 Read more…
GBP/USD stayed in consolidations above 1.3008 last week and outlook is unchanged. Further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will resume the fall from 1.3787, and target Read more…
USD/CHF’s fall from 0.8123 accelerated to as low as 0.7877 last week but recovered ahead of 0.7872 support. Initial bias is turned neutral this week first. Current development suggests that corrective rebound from 0.7828 has Read more…
AUD/USD stayed in range of 0.6457/6616 last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, break of 0.6457 will target 0.6413 cluster (38.2% retracement of 0.5913 to 0.6706 Read more…
USD/CAD’s pullback from 1.4139 short term top extended lower to 1.3984 last week and recovered. Initial bias remains neutral this week first. Firm break of 1.4039 minor resistance will bring stronger rebound to retest 1.4139 Read more…
GBP/JPY roses strongly to 204.04 last week but failed to break through 204.22 resistance and retreated. Initial bias remains neutral this week first. On the upside, firm break of 204.22 will suggest that larger rally Read more…
EUR/JPY’s up trend resumed last week but lost momentum after hitting 179.95. Initial bias is turned neutral this week for consolidations. Downside of retreat should be contained well above 175.67 support. On the upside, break Read more…
EUR/GBP’s rally resumed to 0.8663 last week but retreated since then. Initial bias is turned neutral this week first. Considering bearish divergence condition in 4H MACD, firm break of 0.8765 support will confirm short term Read more…