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USD/CHF rose to 0.8382 last week, but formed a short term top there on bearish divergence condition in 4H MACD, and pulled back. Initial bias stays neutral this week for consolidations first. Further rise is Read more…
AUD/USD’s fall from 0.7237 extended to 0.6903 last week but recovered since then. Initial bias is turned neutral this week for some consolidations first. Further decline is expected as long as 0.7038 resistance holds. Below Read more…
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USD/CAD’s rise from 1.3730 continued last week and breached 1.4247 high. Initial bias remains on the upside this week. Sustained trading above 1.4247 will target 100% projection of 1.3480 to 1.4247 from 1.3730 at 1.4497. Read more…
GBP/JPY edged lower to 206.85 last week but quickly recovered. Initial bias remains neutral this week first. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level to bring Read more…
EUR/JPY’s decline from 187.93 high resumed by breaking through 177.82 last week. Initial bias remains on the downside this week for 175.26/41 support instead. Strong support could be seen there to bring rebound. On the Read more…
EUR/GBP’s extended decline last week suggests that rebound from 0.8453 has already completed as a corrective move at 0.8611. Initial bias stays on the downside this week for retesting 0.8453 low and then 61.8% projection Read more…
EUR/AUD’s sharp reversal last week and break of 1.6163 support suggests that rebound from 1.6072 has completed as a corrective move at 1.6334. Initial bias is back on the downside this week for retesting 1.6072 Read more…
EUR/CHF formed a short term top at 0.9485 last week and fell sharply since then. Though, the selloff stabilized after hitting 38.2% retracement of 0.8979 to 0.9485 at 0.9292. Initial bias is turned neutral this Read more…