Range trading continued in USD/CHF last week and outlook is unchanged. Initial bias remains neutral this week first. With 0.8029 support intact, further rally is expected. On the upside, firm break of 0.8205 will extend Read more…
AUD/USD edged higher last week and outlook is unchanged. Further rally is expected as long as 0.7037 support holds. Decisive break of 100% projection of 0.6864 to 0.7026 from 0.6921 at 0.7083 could prompt upside Read more…
USD/CAD’s fall from 1.4247 continued last week and accelerated through the near term falling channel. The development solidifies the case that rebound from 1.3480 might have completed with three waves up to 1.4247 already. Initial Read more…
GBP/JPY’s rebound from 209.55 extended higher last week after brief consolidations. Initial bias is on the upside this week. Current development suggests that corrective fall from 219.56 has already completed. Sustained break of 61.8% retracement Read more…
EUR/JPY’s rebound from 179.34 continued last week after brief retreat. Current development suggests that whole fall from 187.93 has completed as a three wave correction. Initial bias stays is on the upside this week for Read more…
Outlook is unchanged in EUR/GBP as range trading continues. Initial bias remains neutral this week first. While rebound from 0.9453 might extend, strong resistance should be seen from 0.8610 support turned resistance to limit upside. Read more…
Overall outlook in EUR/AUD is unchanged as corrective pattern from 1.6108 (or 1.6125) is still extending. Initial bias stays neutral this week first. on the upside, above 1.6405 minor resistance will turn bias to the Read more…
EUR/CHF’s rally from 0.8979 continued last week and surged through 0.9394 key resistance. Initial bias stays on the upside this week. Next target is 138.2% projection of 0.8979 to 0.9264 from 0.9094 at 0.9488. On Read more…
Next week is lighter on the domestic data front, with focus on Wednesday’s FOMC minutes, which will likely reiterate that most policymakers remain patient on adjusting rates, a posture validated by softer labor market and Read more…
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