GBP/USD fell further to 1.3008 last week but recovered since then. Initial bias remains neutral this week first. Further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will target 138.2% projection of 1.3787 to 1.3140 from 1.3725 at 1.2831). Nevertheless, firm break of 1.3247 will suggest that fall from […]
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GBP/USD fell further to 1.3008 last week but recovered since then. Initial bias remains neutral this week first. Further decline is expected as long as 1.3247 support turned resistance holds. Break of 1.3008 will target 138.2% projection of 1.3787 to 1.3140 from 1.3725 at 1.2831). Nevertheless, firm break of 1.3247 will suggest that fall from […]
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USD/CHF rose to 0.8123 last week but retreated after hitting 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Initial bias remains neutral this week first. On the downside, decisive break of 55 D EMA (now at 0.8007) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. […]
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USD/CHF rose to 0.8123 last week but retreated after hitting 100% projection of 0.7828 to 0.8075 from 0.7872 at 0.8119. Initial bias remains neutral this week first. On the downside, decisive break of 55 D EMA (now at 0.8007) will argue that the corrective bounce from 0.7828 has completed and bring retest of this low. […]
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AUD/USD fell to as low as 0.6457 last week but turned sideway since then. Initial bias remains neutral this week first. On the downside, break of 0.6457 will target 0.6413 cluster (38.2% retracement of 0.5913 to 0.6706 at 0.6403). Decisive break there will carry larger bearish implications. On the upside, break of 0.6616 will bring […]
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USD/CAD rose further to 1.4139 last week but retreated sharply since then. The break of 55 4H EMA (now at 1.4054) suggests that a short term top was already formed. Initial bias is mildly on the downside this week for 1.3886 support. On the upside, break of 1.4139 will resume the rally from 1.3538 to […]
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Daily Pivots: (S1) 152.55; (P) 153.35; (R1) 153.86; More… USD/JPY is still bounded in consolidations below 154.47 and intraday bias stays neutral. Further rally is expected as long as 151.52 support holds. Above 154.47 will resume larger rise from 139.87 to 100% projection of 146.58 to 153.26 from 149.37 at 156.05. Break there will pave […]
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Daily Pivots: (S1) 0.8045; (P) 0.8076; (R1) 0.8092; More… Intraday bias in USD/CHF remains on neutral for the moment. On the upside, firm break of 0.8123 will extend the corrective rally from 0.7828 to 138.2% projection of 0.7828 to 0.8075 from 0.7872 at 0.8213. On the downside, sustained break of 55 D EMA (now at […]
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Daily Pivots: (S1) 1.3075; (P) 1.3109; (R1) 1.3171; More… Intraday bias in GBP/USD remains neutral and more consolidations could be seen above 1.3008. Further decline is expected with 1.3247 support turned resistance intact. Break of 1.3008 will resume the fall from 1.3787 and target 61.8% retracement of 1.2099 to 1.3787 at 1.2744. Sustained break there […]
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Daily Pivots: (S1) 1.1508; (P) 1.1530; (R1) 1.1569; More… EUR/USD’s recovery form 1.1467 extended higher today but stays well inside near term falling channel. Intraday bias remains neutral and further decline is expected. On the downside, below 1.1467 will resume the fall from 1.1917. However, firm break of the channel resistance (now at 1.1589) will […]
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