EUR/CHF edged lower last week but failed to get rid of 0.9155 cluster support (38.2% retracement of 0.8979 to 0.9264 at 0.9155) cleanly. Initial bias stays neutral this week first. On the upside, break of 0.9177 minor resistance will turn bias back to the upside for 0.9264 resistance. However, sustained trading below 0.9155 will turn…
EUR/AUD’s fall from 1.6842 extended lower last week but recovered ahead of 1.6125 low. Initial bias is turned neutral this week first. On the downside, decisive break of 1.6125 will resume larger fall from 1.8554. Nevertheless, break of 1.6371 resistance will indicate short term bottoming, and turn bias back to the upside for stronger rebound…
EUR/GBP recovered last week as it failed to break through 0.8610 support. Initial bias stays neutral this week first. On the downside, firm break of 0.8610 will carry larger bearish implications and pave the way to 0.8466 fibonacci level next. Nevertheless, firm break of 0.8676 will turn bias back to the upside for stronger rebound…
EUR/JPY edged lower to 182.01 last week but rebounded since then. Initial bias remains neutral this week first. Break of 182.01 will extend the fall from 187.93 to 180.78 support. Nevertheless, firm break of 185.02 will suggest that pullback from 187.93 has completed, and turn bias back to the upside for retesting this high. In…
GBP/JPY stayed in range of 210.43/214.21 last week and outlook is unchanged. Initial bias remains neutral this week first. Below 210.43 will extend the fall from 216.58 to 209.58 support first. However, firm break of 214.21 will argue that the pullback from 216.58 has completed, and turn bias back to the upside for retesting this…
AUD/USD edged higher to 0.7277 last week as up trend continued, but retreated since then. Initial bias remains neutral this week for consolidations. Further rise is expected as long as 0.7101 support holds. Above 0.7277 will target 61.8% projection of 0.6420 to 0.7187 from 0.6832 at 0.7306. In the bigger picture, rise from 0.5913 (2024…
USD/CHF’s decline from 0.8041 resumed last week. Initial bias stays on the downside this week. Firm break of 61.8% projection of 0.8041 to 0.7774 from 0.7923 at 0.7758 will target 100% projection at 0.7656. On the upside, above 0.7808 minor resistance will turn intraday bias neutral again first. In the bigger picture, as long as…
GBP/USD stayed in range trading below 1.3657 last week and outlook is unchanged. Initial bias remains neutral for consolidations, and further rise is expected with 1.3453 support intact. On the upside, break of 1.3657 will target 61.8% projection of 1.3158 to 1.3598 from 1.3453 at 1.3725 first. Firm break there will target a retest on…
EUR/USD stayed in range below 1.1848 last week and outlook is unchanged. Initial bias remains neutral, and further rise is expected with 1.1642 support intact. On the upside, firm break of 1.1848 will target 1.2081 high next. However, firm break of 1.1662 support will indicate the the rebound from 1.1408 has completed, and bring deeper…
Markets spent last week aggressively chasing the AI-driven equity rally while largely ignoring geopolitical tensions in the Middle East. Despite renewed uncertainty over a promised peace deal, stocks surged to new records while Dollar weakened broadly on strong risk appetite. S&P 500 followed NASDAQ to fresh records, while Asia’s major technology-heavy benchmarks exploded higher as…