Intraday bias in USD/JPY stays on the upside as rise from 152.87 continues. Further rise should be seen to 38.2% retracement of 163.97 to 152.87 at 157.11. On the downside, below 154.83 minor support will Read more…
GBP/USD’s fall from 1.3675 continues today, and intraday bias remains on the downside. Rebound from 1.3139 should have completed as a three wave corrective move. Deeper fall should be seen to 1.3272 support and break Read more…
USD/CHF’s rally from 0.76903 resumed by breaking through 0.8205/13 resistance zone. Intraday bias remains on the upside. Next near term target is 100% projection of 0.7760 to 0.8205 from 0.7948 at 0.8393. On the downside, Read more…
AUD/USD’s fall from 0.7237 continued and intraday bias stays on the downside. Sustained trading below 38.2% retracement of 0.6864 to 0.7237 at 0.7095 will target 61.8% retracement at 0.7006. On the upside, above 0.7139 minor Read more…
USD/CAD’s strong break of 1.3938 resistance suggests that fall from 1.4247 has completed already. Intraday bias is now on the upside for 61.8% retracement of 1.4247 to 1.3730 at 1.4050. Firm break there till pave Read more…
For months, the global oil market has been depleting the reserves that kept a major supply interruption from becoming a bigger disaster. Chevron (CVX) CEO Mike Wirth says much of that cushion is now gone. Read more…
Intraday bias in GBP/JPY is turned neutral again with current fall. On the upside, above 209.47 will extend the rebound from 207.06 to 38.2% retracement of 219.56 to 207.06 at 211.83. However, below 207.06 will Read more…
Range trading continues in EUR/JPY and intraday bias remains neutral at this point. On the upside, firm break of 179.88 minor resistance will suggest short term bottoming, and bring stronger rebound towards 55 D EMA Read more…
EUR/GBP rebounded strongly today but stays in range below 0.8607. Intraday remains neutral. Strong resistance is still expected from 0.8610 to complete the corrective bounce from 0.8453. On the downside, break of 0.8545 support will Read more…
No change in EUR/AUD’s outlook and intraday bias stays neutral. Above 1.6226 will extend the recovery from 1.6078. But near term risk will stay on the downside as long as 1.6444 resistance holds. On the Read more…