Category: Cryptocurrencies

AUD/USD’s rebound last week argues that a short term bottom was formed at 0.6828, on bullish convergence condition in 4 hour MACD. Initial bias is mildly on the upside this week for 55 day EMA Read more…

USD/CAD stayed in consolidation below 1.3075 last week and outlook is unchanged. Initial bias remains neutral this week first, and further rally is in favor with 1.2712 support intact. On the upside, break of 1.3075 Read more…

GBP/JPY stayed in correction from 168.40 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside, break of 155.57 will extend the correction towards 150.96 key structural support. Nevertheless, Read more…

EUR/JPY’s correction from 139.99 extended last week. Initial bias stays neutral this week first. On the downside, break of 132.63 will resume the fall and target 61.8% retracement of 124.37 to 139.99 at 130.33. On Read more…

EUR/GBP stayed in consolidation from 0.8617 last week and outlook is unchanged. Initial bias remains neutral this week first and further rise will remain in favor as long as 0.8365 support holds. On the upside, Read more…

EUR/AUD’s decline last week argues that corrective rebound from 1.4318 has completed with three waves up to 1.5227, ahead of 1.5354 resistance. But as a temporary low was formed at 1.4885, initial bias is neutral Read more…

EUR/CHF’s decline last week argues that corrective rebound from 0.9970 has completed with waves up to 1.0513, after rejection by 1.0505 key resistance. Initial bias stays on the downside this week for 1.0186 support first. Read more…

It was another roller-coaster week. Swiss Franc ended as the strongest one after SNB Chairman Thomas Jordan surprisingly said it’s ready to act if inflation solidified. But it should reminded that he reiterated the readiness Read more…