The choppy corrective fall from 84.17 continued last week and there is no indication of completion yet. Deeper fall might be seen initially this week. But at this point, we’d still expect downside to be contained by mentioned 80.58/81.86 support zone a…
GBP/USD’s sharp decline last week dampened the near term bullish outlook and focus is now back on 1.5769 support. Break there will be an early sign of near term reversal and will flip bias to the downside for 1.5602 support for confirmation. However, b…
GBP/USD’s sharp decline last week dampened the near term bullish outlook and focus is now back on 1.5769 support. Break there will be an early sign of near term reversal and will flip bias to the downside for 1.5602 support for confirmation. However, b…
USD/CHF’s strong rebound last week dampened the immediate bearish view and in turn opened up the case that 0.9594 is not yet the top is USD/CHF. With 0.9143 minor support intact, further rise remains mildly in favor this week for 0.9334. Break will con…
USD/CHF’s strong rebound last week dampened the immediate bearish view and in turn opened up the case that 0.9594 is not yet the top is USD/CHF. With 0.9143 minor support intact, further rise remains mildly in favor this week for 0.9334. Break will con…
AUD/USD’s fall from 1.0852 extended lower last week and stayed well inside the near term falling channel. Outlook remains bearish. Current decline from 1.0852 is treated as the third leg inside the consolidation pattern that started at 1.1079 and shoul…
AUD/USD’s fall from 1.0852 extended lower last week and stayed well inside the near term falling channel. Outlook remains bearish. Current decline from 1.0852 is treated as the third leg inside the consolidation pattern that started at 1.1079 and shoul…
USD/CAD was stuck in the established range above 0.9841 last week and outlook remained unchanged. More consolidative trading could be seen. But recent decline is still in favor to continue as long as 1.0049 resistance holds. A break below 0.9860 suppor…
USD/CAD was stuck in the established range above 0.9841 last week and outlook remained unchanged. More consolidative trading could be seen. But recent decline is still in favor to continue as long as 1.0049 resistance holds. A break below 0.9860 suppor…
GBP/JPY’s steep decline last week dampened the immediate bullish but after all, 126.54 support is still intact, and thus, further rise remains in favor. Above 130.87 minor resistance will argue that correction from 133.48 has finished and flip bias bac…
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