I wrote on 12th April that the best trades for the week would be: Long of the USD/JPY currency pair following a daily (New York) close above ¥160. Long of Brent Crude Futures in the small chance we get a daily close above $112.50. Neither of these trades set up. A summary of last week’s…
Created on April 19, 2026 The GBP/USD went into this weekend near the 1.35177 mark, essentially near a ratio the currency pair was traversing just before the start of the Iranian war. The GBP/USD did touch a high of nearly 1.36000 earlier on Friday before stumbling back to marks it had traded on Thursday. The…
Created on April 19, 2026 The gold market initially fell during the week but found enough support at the $4,600 level to turn things around and jump above the $4,800 level. The interest rate situation in the United States continues to cool off and that of course is a major influence on what happens with…
Daily Pivots: (S1) 158.48; (P) 158.90; (R1) 159.56; More… USD/JPY’s sideway consolidation from 160.45 continues and intraday bias stays neutral. Outlook will stay bullish as long as 157.49 cluster support (38.2% retracement of 152.25 to 160.45 at 157.31) holds. On the upside break of 160.45 will target a retest on 161.94 high. However, firm break…
EUR/CHF’s sideway consolidation continued last week and outlook is unchanged. Initial bias remains neutral this week. With 0.9155 support intact, further rally is still expected. Firm break of 0.9264 will resume the rise from 0.8979 to 0.9394 resistance next. However, break of 0.9155 will turn bias back to the downside for deeper pullback. In the…
EUR/AUD’s fall from 1.6842 resumed last week. Outlook is unchanged that rebound from 1.6125 should have completed after rejection by 55 D EMA. Initial bias remains on the downside this week for retesting 1.6125 low. Firm break there will resume whole down trend from 1.8554 to 1.5913 fibonacci level next. For now, risk will stay…
EUR/GBP gyrated in range below 0.8740 last week and outlook is unchanged. Initial bias remains neutral this week first. As long as 0.8675 support holds, further rise remains mildly in favor. On the upside, break of 0.8740 will resume the rally from 0.8610 to 0.8788 resistance. However, firm break of 0.8675 will turn bias back…
EUR/JPY’s sharp reversal last week suggests that a short term top was already formed at 187.93. Initial bias is mildly on the downside this week for 38.2% retracement of 182.56 to 187.93 at 185.87. For now, risk will stay mildly on the downside as long as 187.93 resistance holds, in case of recovery. In the…
GBP/JPY’s pullback from 125.89 accelerated lower last week, but downside is contained above 213.29 resistance turned support. Initial bias stays neutral this week first. Firm break of 215.89 will resume larger up trend to 61.8% projection of 199.04 to 214.98 from 209.58 at 219.43. In the bigger picture, up trend from 123.94 (2020 low) is…
USD/CAD’s extended decline last suggests that rise from 1.3480 has completed with three waves up to 1.3965. Initial bias stays on the downside this week. Sustained break of 61.8% retracement of 1.3480 to 1.3965 at 1.3665 will pave the way to retest 1.3480 low. On the upside, above 1.3736 minor resistance will turn intraday bias…