USD/CHF’s extended decline today suggests that rebound form 0.7760 has completed at 0.7960. Fall from 0.8041 is still in progress. Intraday bias is back on the downside for retesting 0.7760 first. Firm break there will Read more…
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Intraday bias in AUD/USD remains neutral at this point. On the upside, firm break of 0.7183 resistance will suggest that pullback from 0.7277 has completed. Stronger rally should then be seen to retest 0.7277 high. Read more…
Intraday bias in USD/CAD remains on the upside at this point. Rise from 1.3549 is in progress and it’s seen as the third leg of the pattern from 1.3480. Further rally should be seen to Read more…
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Break of 214.40 resistance suggests that GBP/JPY’s rebound from 210.43 is resuming. Intraday bias is back on the upside for retesting 216.58 high. Strong resistance should be seen there to cap upside, at least on Read more…
Intraday bias in EUR/GBP remains neutral as range trading continues. On the downside, decisive break of 0.8610 support will revive the case of bearish trend reversal. On the upside, break of 0.8728 resistance will bring Read more…
Intraday bias in EUR/AUD remains neutral for the moment. Rise from 1.6108 is tentatively seen as the third leg of the pattern from 1.6125. Above 0.6831 will target 55 D EMA (now at 1.6437) and Read more…
EUR/CHF’s fall from 0.9264 continues today and intraday bias remains on the downside. Rebound from 0.8979 should have completed at 0.9264. Deeper fall would be seen back to retest 0.8979 low first. For now, risk Read more…
EUR/USD began the week around 1.1600. The main currency pair closed last week virtually unchanged. Markets continue to closely monitor the situation in the Middle East. Despite ongoing uncertainty, a series of conflicting signals from Read more…