Written by: Olumide Adesina • Saturday, May 23, 2026 • 1 min read • Last updated: Saturday, May 23, 2026 Add an article to your Reading List Register now to be able to add articles to your reading list. ” aria-hidden=”true”> Quick overview China’s silver imports reached an eight-year high in early 2026, driven by…
EUR/AUD recovered to 1.6381 last week but retreated since then. Initial bias remains neutral this week first. A short term bottom should be in place, and rise from 1.6108 is seen as the third leg of the corrective pattern from 1.6125. Above 1.6381 will bring stronger rebound to 55 D EMA (now at 1.6451) and…
EUR/GBP stayed in range trading last week. Initial bias remains neutral first. On the downside, decisive break of 0.8610 support will revive the case of bearish trend reversal. On the upside, break of 0.8728 resistance will bring stronger rally back towards 0.8740 resistance. In the bigger picture, focus is staying on 38.2% retracement of 0.8821…
EUR/JPY was bounded in range below 185.44 last week and outlook is unchanged. Initial bias remains neutral this week first. Fall from 187.93 should have completed at 182.01. Above 185.44 will extend the rebound from there to retest 187.93. However, firm break of 184.02 support will bring deeper decline back to 182.01. In the bigger…
Range trading continued in GBP/JPY last week and outlook is unchanged. Corrective pattern from 216.58 is still extending. Above 214.40 will extend the rebound from 210.43 to retest 216.58. On the downside, break of 211.23 will bring deeper fall through 210.43 instead. In the bigger picture, while the fall from 216.58 is steep, there is…
AUD/USD fell to 0.7076 last week but quickly recovered after drawing support from 0.7101. Initial bias stays neutral this week first. On the upside, firm break of 0.7183 resistance will bring stronger rebound to retest 0.7277 high. However, decisive break of 0.7076 will indicate that larger scale correction is underway and target 0.6832 support instead….
USD/JPY’s rebound from 155.01 continued last week but lost momentum after hitting 159.33. Initial bias remains neutral this week first. Above 159.24 will target 160.71 high. Strong resistance is expected from there to start the third leg of the near term corrective pattern. On the downside, break of 157.30 support will turn bias to the…
USD/CHF rebounded to 0.7906 last week but failed to break through 0.7923 resistance and retreated. Initial bias remains neutral this week first. On the downside, firm break of 0.7837 will suggest that the rebound has completed, and bring deeper fall back to 0.7760. Nevertheless, decisive break of 0.7923 will argue that that correction from 0.8741…
GBP/USD’s recovery was capped at 1.3462 last week. Initial bias remains neutral this week first. On the downside, below 1.3300 will target a retest on 1.3158 support first. However, firm break of 1.3462 will bring stronger rebound back to 1.3657 resistance instead. In the bigger picture, current development suggests that price actions from 1.3867 are…
EUR/USD’s extended decline suggests that corrective rebound from 1.1408 has completed at 1.1848. But as a temporary low was formed at 1.1575, initial bias remains neutral this week first. On the downside, below 1.1575 will bring deeper fall back to retest 1.1408 low. However, firm break of 1.1660 resistance will dampen this bearish view, and…