GBP/USD’s deeper than expected fall last week suggests that rebound from 1.3158 has completed at 1.3748 already. More importantly, down trend from 1.4248 is not over yet. Initial bias stays on the downside this week Read more…
USD/CHF’s break of 0.9276 resistance last week suggests that corrective fall from 0.9372 has completed at 0.9090. Initial bias remains on the upside this week for 0.9372 first. Break will resume the choppy rise from Read more…
AUD/USD’s break of 0.6992 support indicate resumptions of whole down trend from 0.8006. Initial bias stays on the downside this week. Next target is 100% projection of 0.7555 to 0.6992 from 0.7313 at 0.6750. On Read more…
USD/CAD’s rebound from 1.2448 extends higher last week. Initial bias stays on the upside this week. Break of 1.2812 will target 1.2963 resistance next. On the downside, below 1.2558 minor support will turn bias back Read more…
GBP/JPY recovered after dipping to 152.88 last week. Initial bias remains neutral this week first. Outlook is unchanged that fall from 157.74 should be the third leg of the corrective pattern from 158.19. Deeper decline Read more…
EUR/JPY turned sideway after dipping to 128.23 last week. Initial bias stays neutral this week first. But outlook is unchanged that corrective pattern from 134.11 is extending with another falling leg. Further decline is expected Read more…
EUR/GBP’s decline last week suggests that rebound form 0.8304 has completed at 0.8421 after rejection by 55 day EMA. Initial bias stays on the downside this week. Break of 0.8304 will resume larger down trend Read more…
EUR/AUD’s choppy rise from 1.5559 resumed last week. Initial bias is now mildly on the upside this week for retesting 1.6168 resistance. Break there will resume the rise from 1.5354 to 1.6434 resistance. On the Read more…
EUR/CHF’s down trend resumed last week and dipped to 1.0298, but quickly recovered. Initial bias is neutral this week first. While stronger recovery cannot be ruled out, upside should be limited well below 1.0510 resistance. Read more…
The FOMC meeting turned out to me more hawkish than expected and markets are now pricing in four to five hikes this year, instead of three. Dollar was given a strong boost and surged broadly Read more…