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EUR/USD edged higher to 1.1494 last week but lost momentum again. Initial bias stays neutral this week first. Price actions from 1.1572 are seen as a corrective pattern to rally from 1.0716. While rebound from 1.1064 might extend, strong resistance should emerge from 1.1572 to limit upside. On the downside, break of 1.1356 support will […]

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USD/JPY was still bounded in established range last week. Initial bias stays neutral this week first. On the upside, above 146.27 resistance will argue that price actions from 148.64 has completed as a corrective pattern. Intraday bias will be back on the upside for 148.64 resistance and above to resume the rebound from 139.87 low. […]

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GBP/USD edged higher to 1.3615 last week but quickly lost momentum again. Initial bias stays neutral first. Further rise will remain in favor as long as 1.3414 support holds. Above 1.3615 will target 100% projection of 1.2099 to 1.3206 from 1.3138 at 1.3813. Considering bearish divergence condition in 4H MACD, break of 1.3414 support should […]

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USD/CHF edged lower to 0.8156 last week but quickly recovered. Initial bias remains neutral this week first. Price actions from 0.8038 are seen as a corrective pattern to decline form 0.9200. While fall from 0.8475 might extend lower, downside should be contained by 0.8038 to bring rebound. Break of 0.8436 resistance will suggest that it’s […]

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AUD/USD stays in sideway consolidations from 0.6536 last week and outlook is unchanged. Initial bias remains neutral this week first. Further rise is in favor as long as 0.6406 support holds. On the upside, decisive break of 0.6536 will resume the rally from 0.5913 to 61.8% retracement of 0.6941 to 0.5913 at 0.6548. However, firm […]

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Economic data in the coming week will continue to highlight how trade disruptions in its early stages are impacting the Canadian and U.S. economies. Inflation reports in the U.S. so far have failed to show the impact of tariffs on consumer prices. Core goods inflation in April was the first positive yearly reading since December […]

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