GBP/USD surges further to 1.3557 last week before retreating. Current development argues that corrective pattern from 1.3867 has completed with three waves down to 1.3139. Above 1.3557 will target 1.3657 first. Firm break there will Read more…
USD/CHF edged higher to 0.8150 last week but quickly retreated. Initial bias remains neutral this week for more consolidations. Further rally is in favor a long as 0.8029 support holds. Above 0.8150 will target 100% Read more…
AUD/USD’s extended rebound stalled after hitting 55 D EMA (now at 0.7014), just ahead of 38.2% retracement of 0.7277 to 0.6864 at 0.7022. Initial bias remains neutral first, and fall from 0.7277 is mildly in Read more…
USD/CAD’s pullback from 1.4247 accelerated lower last week but overall outlook is unchanged. It’s seen as correcting the rise from 1.3480 only. Downside should be contained by 1.3965 cluster support (38.2% retracement of 1.3480 to Read more…
GBP/JPY’s up trend continued last week and edged higher to 219.56. But as a temporary top was formed there with subsequent retreat, initial bias remains neutral this week first. Downside of consolidations should be contained Read more…
EIUR/JPY is still bounded in range trading and outlook is unchanged. Initial bias remains neutral this week. While the price actions from 182.10 are looking corrective, stronger rebound cannot be ruled out. On the upside, Read more…
EUR/GBP decline accelerated to as low as 0.8453 last week and met 61.8% retracement of 0.8221 to 0.8863 at 0.8466. But as a temporary low was formed with subsequent recovery, initial bias remains neutral this Read more…
EUR/AUD’s fall from 1.6617 extended lower last week but recovered ahead of 1.6306 support. Initial bias remains neutral this week first. On the upside, break of 1.6479 will argue that the pullback has completed, and Read more…
EUR/CHF edged higher to 0.9278 last week but turned sideway since then. Initial bias remains neutral this week for more consolidations, but further rally is still in favor. Break of 0.9278 will resume the rise Read more…
Our summary of recent economic events and what to expect in the weeks ahead. Canadian Highlights Canada’s economy added 18k jobs in June, while the unemployment rate edged down to a five-month low of 6.5%. Read more…