Category: Cryptocurrencies

GBP/USD’s rebound from 1.0351 resumed last week and hit 1.1644 before retreating. Initial bias stays neutral this week first, but further rise is expected as long as 1.1256 minor support holds. Break of 1.1644 will Read more…

USD/CHF’s correction from 1.0146 extended lower last week but stayed above 0.9779 support. Initial bias remains neutral this week and further rise is still expected. Break of 1.0146 will resume larger up trend to 1.0283 Read more…

AUD/USD’s rebound from 0.6169 continued last week but failed to break through 0.6539 resistance and retreated. Initial bias is neutral this week first. On the upside, decisive break of 0.6535, and sustained trading above 55 Read more…

USD/CAD’s correction from 1.3976 continued last week, but was supported by 1.3501 support. Initial bias remains neutral this week first. On the upside, firm break of 1.3976 will target 200% projection of 1.2005 to 1.2947 Read more…

GBP/JPY’s up trend resumed by breaking through 170.07 last week. Initial bias is now on the upside this week. next target is 100% projection of 148.93 to 165.69 from 159.71 at 176.47. On the downside, Read more…

EUR/JPY stayed in consolidation below 148.38 last week and outlook is unchanged. Initial bias stays neutral this week first. In case of another fall, downside should be contained 140.88/144.06 support zone to bring another rally. Read more…

EUR/GBP’s fall resumes by breaking 0.8577 last week. Initial bias is back on the downside this week. Fall from 0.9267 should target 0.8201/8388 support zone. For now, near term outlook will remain bearish as long Read more…

EUR/AUD edged higher to 1.5704 but quickly retreated. Initial bias stays neutral this week for consolidations. Deeper decline cannot be ruled out. But downside should be contained by 55 day EMA (now at 1.5150) to Read more…