USD/CHF edged lower to 0.9468 last week but recovered strongly after drawing support from 0.9471. As a temporary top was formed at 0.9650, initial bias is neutral this week first. On the upside, break of Read more…
AUD/USD edged higher to 0.7045 last week but retreated since then. Initial bias is neutral this week first. On the upside, break of 0.7045 will resume the rebound from 0.6680 to 0.7282 key resistance next. Read more…
USD/CAD edged lower to 1.2766 last week but rebounded strongly since then. The development argues that pull back from 1.3222 has completed, and revived near term bullishness. Initial bias is mildly on the upside for Read more…
GBP/JPY dipped to 159.42 last week but quickly recovered. Initial bias stays neutral this week first and consolidation pattern from 168.67 might extend. On the upside, above 163.97 will turn bias to the upside, and Read more…
EUR/JPY dropped to as low as 133.38 last week, but recovered strongly after drawing support from 134.11 resistance turned support. Initial bias is now on the upside this week. Sustained trading above 55 day EMA Read more…
The fast-food giant has some new food ideas and much more planned. Fast-food restaurants see lots of changes as companies try to keep up with trends and innovation in cutthroat industry. Many of those innovations Read more…
EUR/GBP edged lower to 0.8338 last week, but recovered since then. Initial bias remains neutral this week first. While stronger recovery might be seen, outlook will stay bearish as long as 0.8585 resistance holds. Break Read more…
A rowdy and receptive audience hung on every word as Tesla CEO Elon Musk spoke to stockholders for 90 minutes Elon Musk can usually rely on a pretty warm response from shareholders in Tesla (TSLA) Read more…
EUR/AUD stayed in consolidation from 1.4508 last week and outlook is unchanged. Initial bias stays neutral this week first. While stronger recovery cannot be ruled out, upside should be limited below 1.4910 resistance to bring Read more…
A new study shows U.S. teens want the finer things in life, but they don’t know how to pay for them. “Teach Your Children,” Crosby, Stills Nash and Young sang in 1969. The title resonates Read more…