GBP/JPY edged higher to 214.66 last week but retreated since then. Initial bias remains neutral this week first. On the upside, above 214.66 will extend the rebound from 210.43 to retest 216.58 high. Strong resistance is expected there to bring reversal to extend the corrective pattern from 216.58 with another falling leg. On the downside,…
USD/CAD retreated after rising to 1.3868 last week. Initial bias remains neutral this week first. Further rise is expected with 1.3729 support intact. Rise from 1.3549 is seen as the third leg of the pattern from 1.3480. Above 1.3868 will target 1.3965 resistance next. Break of 1.3729 will suggest that the rebound has completed, and…
AUD/USD’s late break of 0.7183 resistance suggests that pullback from 0.7277 has already completed at 0.7076, after defending 55 D EMA. Initial bias is back on the upside this week for retesting 0.7277 high first. Firm break there will resume larger up trend. For now, risk will stay on the upside as long as 0.7076…
The late break of 0.7807 support suggests that USD/CHF’s corrective rebound has completed. Initial bias is back on the downside this week for retesting 0.7760 first. Firm break there will resume the fall from 0.8041. Next target will be 61.8% projection of 0.8041 to 0.7774 from 0.7898 at 0.7733. Risk will now stay on the…
GBP/USD rebounded to 1.3508 last week but turned sideway since then. Initial bias remains neutral this week first. On the upside, above 1.3508 will extend the rebound from 1.3300 to 1.3657 resistance first. On the downside, below 1.3300 will bring deeper fall back to 1.3158 support instead. In the bigger picture, price actions from 1.3867…
USD/JPY edged higher to 159.64 last week but retreated since then. Rise from 155.01 is seen as the second leg of the corrective pattern from 160.71. While another rally cannot be ruled out, strong resistance should be seen from 160.71 to bring reversal. Considering bearish divergence condition in 4H MACD, firm break of 158.74 support…
The dominant story across financial markets last week was not artificial intelligence, central banks, or economic data. It was a dramatic shift in expectations regarding the future of the US-Iran conflict. Investors increasingly embraced the view that the three-month war is moving toward a diplomatic resolution after reports emerged that negotiators had drafted a 60-day…
EUR/USD’s late break of 1.1660 resistance argues that a short term bottom was already formed at 1.1575. More importantly, fall from 1.1848 could have completed as a three wave-correction. Initial bias is mildly on the upside this week for 1.1795 resistance first. For now, risk will stay on the upside as long as 1.1575 support…
In today’s GCI Market Outlook, let’s take a look at Forex Trading USDCAD, Dow Jones Industrial Average, the NASDAQ, the S&P500, Silver, XAGUSD, and Gold, XAUUSD. In our last video, we looked at 4 things to watch that might be negative for the price of gold and look what happened as price action broke out…
“Everybody is buying the index automatically,” he said, criticizing the tendency of millions of investors to allocate money into funds. Written by: Ignacio Teson • Saturday, May 30, 2026 • 2 min read • Last updated: Saturday, May 30, 2026 Add an article to your Reading List Register now to be able to add articles…