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USD/CHF reversed after edging higher to 0.8394 last week, but failed to break through 0.8227 support decisively. Initial bias remains neutral this week first. Strong rebound current level will retain near term bullishness for another Read more…
AUD/USD edged lower to 0.6893 last week but quickly recovered. Initial bias stays neutral this week first. Further fall is expected as long as 0.7012 resistance holds. Below 0.6893 will target 6864, and then 100% Read more…
USD/CAD’s extended decline last week indicates short term topping at 1.4298 after rejection by 1.4290 fibonacci level. Initial bias remains on the downside this week for 38.2% retracement of 1.3730 to 1.4298 at 1.4081. On Read more…
GBP/JPY recovered but stayed in range of 206.85/211.25 last week. 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 stayed in range above 176.19 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another fall, strong support is expected from 175.26/41 to bring rebound. Considering bullish Read more…
Despite interim recovery, EUR/GBP’s down trend continued last week by breaking through 0.8425 temporary low on Friday. Initial bias is back on the downside this week. Next target is 100% projection of 0.8728 to 0.8453 Read more…
EUR/AUD edged lower to 1.5951 last week then rebounded, but lost momentum after hitting 1.6264. Initial bias remains neutral this week first. Above 1.6264 will target 1.6334 resistance. Considering bullish divergence condition in D MACD, Read more…
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EUR/CHF’s fall from 0.9485 resumed by breaking through 0.9258 support last week. Initial bias is now on the downside this week for 61.8% retracement of 0.8979 to 0.9485 at 0.9172. On the upside, above 0.9288 Read more…