GBP/USD rose further to as high as 1.5882 last week before making a temporary top there and consolidates. Initial bias is neutral this week for some sideway trading. But near term outlook will stay cautiously bullish as long as 1.5641 cluster support h…
USD/CHF turned into sideway trading and consolidated above 0.9114 temporary low last week. Initial bias remains neutral this week for more consolidative trading. But even in case of another rise, we’d expect upside to be limited by 38.2% retracement of…
AUD/USD rose to as high as 1.0793 last week and the break of 1.0752 serves as the first signal that consolidation pattern from 1.1079 is finished at 0.9663 and the larger up trend might be resuming. Initial bias remains on the upside and AUD/USD should…
USD/CAD’s choppy fall continued last week and reached as low as 0.9927 so far. Initial bias remains on the downside this week for 0.9891 support first. Break will extend the whole decline from 1.0656 towards 100% projection of 1.0656 to 0.9891 from 1.0…
GBP/JPY’s pull back from 122.04 was contained at 119.58 last week and recovered. With 119.19 minor support intact, rise from 117.29 is still in progress. Initial bias is mildly on the upside this week for 122.04 first. Break will confirm rise resumptio…
EUR/JPY’s pullback from 102.20 was contained at 99.24 last week and recovered. With 99.13 minor support intact, corrective rebound from 97.03 might still continue. Above 100.88 minor resistance will flip bias back to the upside for 102.20. Break will t…
Last week’s development suggests that EUR/GBP’s consolidation from 0.8221 might be finished at 0.8409 after missing 55 days EMA. Initial bias remains mildly on the downside for a test on 0.8221 this week. Break there will confirm resumption of recent f…
EUR/CHF edged further lower to 1.2031 last week but again, it continued to lose downside momentum ahead of SNB’s 1.2 floor. There is no clear sign of bottoming and rebound yet. The cross could spiral lower again. But after all, we’d maintain that SNB s…
The strong rebound and break of 76.42 minor resistance indicates short term bottoming in USD/JPY. Intraday bias is mildly on the upside for rebound towards 55 days EMA (now at 77.12) But after all, there is no clear indication of near term reversal as …
GBP/USD dips sharply after US NFP release as consolidation from 1.5882 continues. Deeper fall might be seen towards 4 hours 55 EMA (now at 1.5706). However, note against that rise from 1.5234 is expected to continue as long as 1.5461 cluster support ho…
Loading ...