AUD/USD fell to as low as 0.6457 last week but turned sideway since then. Initial bias remains neutral this week first. On the downside, break of 0.6457 will target 0.6413 cluster (38.2% retracement of 0.5913 Read more…
USD/CAD rose further to 1.4139 last week but retreated sharply since then. The break of 55 4H EMA (now at 1.4054) suggests that a short term top was already formed. Initial bias is mildly on Read more…
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GBP/JPY edged lower to 199.04 again last week but quickly recovered. Initial bias stays neutral this week first. For now, the structure of the fall from 205.30 suggests that it’s only a corrective move. Break Read more…
EUR/JPY’s retreat from 178.80 extended lower last week but recovered after hitting 175.67. Initial bias stays neutral this week and risk will remain mildly on the downside as long as 178.80 resistance holds. Break of Read more…
EUR/GBP edged higher to 0.8828 last week but retreated again. Initial bias stays neutral this week for more consolidations. Further rally is expected as long as 0.8761 support holds. On the upside, break of 0.8828 Read more…
EUR/AUD’s strong rebound from 1.7571 last week dampened the original bearish view. Fall from 1.8160 is likely just part of the sideway pattern from 1.8155. Initial bias is mildly on the upside this week for Read more…
EUR/CHF’s extended rebound last week argues that fall from 0.9452 has completed at 0.9208. But as a temporary top was formed at 0.9325, initial bias is turned neutral this week first. On the upside, break Read more…
Week in review – Markets are starting to get worried from a prolonged shutdown Navigating through the headlines can be difficult in Markets. Even when Stock indices break new records week after week, negative headlines Read more…
Canadian Highlights Surprising forecasters, Canada gained 67k jobs in October and wages accelerated. The healthy jobs print could give a shot in the arm to consumer spending in the fourth quarter. Canada’s federal budget was Read more…