EUR/USD Weekly Outlook
EUR/USD dropped to as low as 1.2641 last week and formed a short term bottom there, above 1.2625 low, and recovered. Initial bias is mildly on the upside this week for recovery to 4 hours 55 EMA (now at 1.2844) and above. But strong resistance should be seen below 1.2994... Read More
USD/JPY Weekly Outlook
USD/JPY's decline continued last week and reached as low as 78.99, breaking mentioned 61.8% retracement of 76.02 to 84.17 at 79.13. Initial bias remains on the downside the week and current fall should target 75.56/76.02 support zone in near term. On the upside, break of 80.54 resistance is needed to... Read More
GBP/USD Weekly Outlook
GBP/USD's fall from 1.6300 accelerated to as low as 1.5731 last week before forming a temporary low there. Initial bias is neutral this week for some consolidations first. But upside of recovery is expected to be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring fall resumption.... Read More
USD/CHF Weekly Outlook
USD/CHF's rally extended further to as high as 0.9499 last week before making a short term top there and retreated. Initial bias is mildly on the downside this week for retreat to 4 hours 55 EMA (now at 0.9351) and below. But downside is expected to be contained by 38.2%... Read More
AUD/USD Weekly Outlook
AUD/USD's decline extended further last week as expected and reached as low as 0.9794 so far. Initial bias remains on the downside this week for 0.9663 support first, then 161.8% projection of 1.0852 to 1.0225 from 1.0473 at 0.9459. On the upside, above 0.9957 minor resistance will turn bias neutral... Read More
USD/CAD Weekly Outlook
Last week's strong rally in USD/CAD confirmed that consolidation pattern from 1.0656 is finished with three waves down to 0.9799. Near term outlook will now stay bullish as long as 1.0063 support holds, even in case of retreat. Current rally from 0.9799 is expected to extend to 1.0522/0656 resistance zone next.... Read More
GBP/JPY Weekly Outlook
GBP/JPY dived to as low as 124.64 last week and there is no sign of bottoming yet. Initial bias remains on the downside this week and current fall from 133.48 should target 61.8% retracement of 116.83 to 133.48 at 123.19 next. Sustained break there will target a test on 116.83/117.29... Read More
EUR/JPY Weekly Outlook
EUR/JPY's fall from 111.43 accelerated to as low as 100.20 last week and there is no so sign of bottoming yet. Initial bias remains on the downside this week and current decline should extend to retest 97.03 low next. On the upside, above 101.90 will turn bias neutral and bring... Read More
EUR/GBP Weekly Outlook
After initial dive to 0.7949, EUR/GBP formed a short term bottom there and rebounded. Initial bias remains mildly on the upside this week for further rally to 38.2% retracement of 0.8505 to 0.7949 at 0.8161. But upside should be limited there and bring another decline. Below 0.8024 minor support will... Read More
EUR/CHF Weekly Outlook
No change in EUR/CHF's outlook as the sideway consolidation continued. Near term Outlook remains neutral and more consolidative trading could be seen inside 1.2000/2034 zone. Downside of any selloff attempt should be contained by SNB's 1.2 floor and bring recovery. On the upside, breach of 1.2034 could be seen on... Read More
USD/JPY Mid-Day Outlook
Intraday bias in USD/JJPY remains on the downside for the moment. Sustained trading below 61.8% retracement of 76.02 to 84.17 at 79.13 should target 75.56/76.02 support zone next. On the upside, break of 80.54 resistance is needed to signal short term bottoming. Otherwise, near term outlook will remain bearish even in case of recovery.... Read More
GBP/USD Mid-Day Outlook
GBP/USD should have made a temporary low at 1.5731 and intraday bias is turned neutral for the moment. Some consolidation could be seen and stronger recovery cannot be ruled out. But upside should be limited by 38.2% retracement of 1.6300 to 1.5731 at 1.5948 and bring another fall. Below 1.5731... Read More
USD/CHF Mid-Day Outlook
A temporary top should be in place at 0.9499 and intraday bias is turned neutral. Below 0.9413 minor support will bring deeper retreat to 4 hours 55 EMA (now at 0.9437) and below. But downside should be contained well above 0.9251 support and bring rally resumption. Above 0.9499 will extend recent rise to retest 0.9594 high next.... Read More
EUR/USD Mid-Day Outlook
EUR/USD continues to lose momentum ahead of 1.2625 support and at this point, intraday bias is turned neutral first. Above 1.2758 will bring stronger recovery to 4 hours 55 EMA (now at 1.2846) and possibly above. But strong resistance should be seen at 1.2994 to limit upside and bring fall... Read More
AUD/USD Daily Outlook
AUD/USD dives further to as low as 0.9794 so far today and broke mentioned 100% projection of 1.0852 to 1.0225 from 1.0473 at 0.9846. Intraday bias remains on the downside and current fall should extend to 0.9663 support first, then 161.8% projection at 0.9459. On the upside, above 0.9957 minor... Read More
USD/CAD Daily Outlook
USD/CAD's rally resumed after brief consolidation and soars to as high as 1.0226 so far and intraday bias is on the upside for further rise. As noted before, whole correction pattern from 1.0656 has completed at 0.9799 already. Current rally should target 1.0522/0656 resistance zone next. On the downside, below... Read More
EUR/GBP Daily Outlook
EUR/GBP's recovery from 0.7949 is still in progress and further rise could be seen. But upside is expected to be limited by 38.2% retracement of 0.8395 to 0.7949 at 0.8119 and bring fall resumption. Below 0.7949 will target 100% projection of 0.8330 to 0.8221 from 0.8505 at 0.7896 next.... Read More
EUR/USD Daily Outlook
Intraday bias in EUR/USD remains on the downside and current decline is expected to continue to retest 1.2625 support. Also, whole decline from 1.4939 is possibly resuming and break of 1.2625 will target 61.8% projection of 1.4246 to 1.2625 from 1.3486 at 1.2484 next. On the upside, above 1.2758 minor... Read More
GBP/USD Daily Outlook
GBP/USD's decline is still in progress and reaches as low as 1.5731 so far today. Intraday bias remains on the downside for 61.8% retracement of 1.5234 to 1.6300 at 1.5641 next. Sustained break there should pave the way to retest 1.5234 low. On the upside, above 1.5841 minor resistance will... Read More
USD/CHF Daily Outlook
Intraday bias in USD/CHF remains on the upside with 0.9413 minor support intact. Current rise is expected to continue to retest 0.9594 resistance next. On the downside, below 0.9413 minor support will turn bias neutral and bring retreat, possibly to 4 hours 55 EMA (now at 0.9343). But downside should... Read More
