GBP/USD retreat from 1.3675 extended lower last week. Considering bearish divergence condition in 4H MACD, a short term top could be in place already. Break of 1.3518 minor support will bring deeper fall back to Read more…
USD/CHF’s extended rebound last week suggests that fall from 0.8205 has completed as a three wave correction at 0.7948. With the rising channel intact, rally from 0.7603 is still in progress. Initial bias remains on Read more…
AUD/USD’s rally from 0.6864 continued to 0.7207 last week, but retreated since then. Considering bearish divergence condition in 4H MACD, a short term top could be formed. Break of 0.7136 will bring deeper fall back Read more…
USD/CAD’s extended rebound last week indicates short term bottoming at 1.3730. Initial bias is mildly on the upside this week. However, strong resistance is expected from 38.2% retracement of 1.4247 to 1.3730 at 1.3927 to Read more…
GBP/JPY edged higher to 217.45 last week but turned sideway since then. Initial bias remains neutral this week for more consolidations. But further rally is expected as long as 214.80 support holds. On the upside, Read more…
EUR/JPY turned into sideway trading below 186.00 last week. Initial bias stays neutral this week first. Deeper pullback cannot be ruled out, but downside should be contained by 183.90 support to bring rebound. On the Read more…
Range trading continued in EUR/GBP last week and outlook is unchanged. Initial bias stays neutral this week first. Rebound from 0.8453 is seen as a corrective bounce. In case of another rise, strong resistance should Read more…
EUR/AUD’s fall from 1.6617 resumed last week by breaking through 1.6250 support. Initial bias stays on the downside this week for retesting 1.6108 low. Decisive break there will resume the whole down trend from 1.8554 Read more…
EUR/CHF stayed in consolidations below 0.9408 short term top last week and outlook is unchanged. Initial bias remains neutral this week first. Another fall cannot be ruled out, but should be contained by 38.2% retracement Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Real GDP grew at its fastest pace since 2023 in the second quarter, rising 3.3%. Growth was driven by Read more…