EUR/USD recovered after edging lower to 1.1111, but upside is capped by 1.1276 resistance. Initial bias remains neutral this week and further fall is in favor. Below 1.1111 will extend larger fall from 1.2081 to 1.0904 fibonacci level. However, considering bullish divergence condition in 4H MACD, firm break of 1.1276 will indicate short term bottoming, […]
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USD/JPY stayed in range of 156.36/159.02 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is mildly in favor as long as 156.36 support holds. Above 159.02 will extend Read more…
Because of the 737 MAX saga and FAA scrutiny that has followed Boeing (BA), many people have labeled its products as troubled commercial airplanes. But that isn’t a complete picture, because Boeing is also a defense company, Read more…
GBP/USD’s strong rebound last week suggests short term bottoming at 1.3135, on bullish divergence condition in 4H MACD. Initial bias stays on the upside this week. Sustained break of 38.2% retracement of 1.3675 to 1.3135 Read more…