USD/CHF rebounded to 0.7906 last week but failed to break through 0.7923 resistance and retreated. Initial bias remains neutral this week first. On the downside, firm break of 0.7837 will suggest that the rebound has Read more…
AUD/USD fell to 0.7076 last week but quickly recovered after drawing support from 0.7101. Initial bias stays neutral this week first. On the upside, firm break of 0.7183 resistance will bring stronger rebound to retest Read more…
USD/CAD’s rebound from 1.3549 extended higher last week. The rise is seen as the third leg of the pattern from 1.3480. Initial bias stays on the upside for 1.3965 resistance next. On the downside, below Read more…
Range trading continued in GBP/JPY last week and outlook is unchanged. Corrective pattern from 216.58 is still extending. Above 214.40 will extend the rebound from 210.43 to retest 216.58. On the downside, break of 211.23 Read more…
EUR/JPY was bounded in range below 185.44 last week and outlook is unchanged. Initial bias remains neutral this week first. Fall from 187.93 should have completed at 182.01. Above 185.44 will extend the rebound from Read more…
EUR/GBP stayed in range trading last week. Initial bias remains neutral first. On the downside, decisive break of 0.8610 support will revive the case of bearish trend reversal. On the upside, break of 0.8728 resistance Read more…
EUR/AUD recovered to 1.6381 last week but retreated since then. Initial bias remains neutral this week first. A short term bottom should be in place, and rise from 1.6108 is seen as the third leg Read more…
EUR/CHF’s fall from 0.9264 extended lower last week and accelerated after failing to break above 55 D EMA (now at 0.9166). The development confirms that rebound from 0.8979 has already completed. Initial bias is on Read more…
Discover our weekly market outlook, exploring themes and events that forged financial flows throughout the week. Participants went through a rollercoaster of emotions in the past week, from a rejected Iranian offer to a severe Read more…
Canadian Highlights Headline CPI rose to 2.8% on gasoline, but core measures remain well-behaved and inflation breadth remained at pre-pandemic norms. Next week’s GDP release should confirm decent Q1 growth, but the focus will shift Read more…