Range trading continues in USD/CAD above 1.3730 and intraday bias stays neutral. t. With 1.3938 resistance intact, further decline is expected. Break of 1.3730 will resume the fall from 1.4247 to retest 1.3480 low. However, Read more…
Intraday bias in GBP/JPY remains neutral at this point. Also the upside, firm break of 209.01 minor resistance should indicate short term bottoming, on bullish divergence condition in 4H MACD. That would bring stronger rebound Read more…
Intraday bias in EUR/JPY stays neutral for the moment. Further decline is expected as long as 179.88 minor resistance holds. Below 177.82 will extend the fall from 187.93 to 175.41 key cluster support. Nevertheless, break Read more…
EUR/GBP’s fall from 0.8607 extends lower today, but stays above 0.8454 support. Intraday bias remains neutral first. Strong resistance is still expected from 0.8610 to complete the corrective bounce from 0.8453. On the downside, break Read more…
Intraday bias in EUR/AUD remains neutral for the moment. While stronger rebound cannot be ruled out, risk will stay on the downside as long as 1.6444 resistance holds. On the downside, decisive break of 1.6078/6108 Read more…
A temporary top is formed at 0.9472 in EUR/CHF’s retreat today. Intraday bias is turned neutral first and some consolidations would be seen. While deeper pullback cannot be ruled out, further rise is expected as Read more…
EUR/USD sits near 1.1610, just off a one-month low, as tomorrow’s Fed decision looms as the week’s true catalyst. The ECB delivered its second hike of the year on September 10, lifting the deposit rate Read more…
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GBP/JPY enters a back-to-back central-bank week with three independent arguments for a rebound—the BoE’s hawkish bloc has little room to retreat, a fully priced BoJ hike may give Yen no new information, and the pair Read more…
The foreign exchange market is heading into a busy week, with the Federal Reserve meeting on 15–16 September, followed by the Bank of England’s rate decision on 17 September. This sequence of central bank meetings, Read more…