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EUR/USD’s choppy fall from 1.5047 continued last week and the brief break of 1.4807 is slightly favoring the case that it’s resuming. Initial bias is mildly on the downside this week as long as 1.4934 minor resistance holds and further fall could be seen to 1.4626 support next. On the…

USD/JPY’s choppy fall from 92.31 extended further to as low as 88.63 last week but lost momentum again as it approaches 88.00 support. While some sideway trading might be seen initially this week, further fall is still in favor as long as 89.54 resistance holds. Below 88.63 will target 88.00…

GBP/USD edged higher to 1.6875 but reversed from there and fell sharply since then. The break of 1.6516 support indicates that a short term top is formed with bearish divergence conditions in 4 hours MACD. Initial bias remains on the downside this week for 1.6250 support first. Break there will…

USD/CHF’s choppy rise from 1.0034 continued last week and is still in progress. Initial bias remains on the upside this week as long as 1.0122 minor support holds. Further rally is in favor towards 1.0337 resistance next. On the downside, below 1.0122 minor support will turn intraday bias neutral and…

After edging higher to 0.9404 last week, AUD/USD reversed and fell sharply to as low as 0.9060. As short term top is at least in place with bearish divergence conditions in 4 hours MACD and RSI. Initial bias will remain on the downside this week and deeper decline should be…

USD/CAD’s rebound from 1.0416 extended further last week and the decisive break of 1.0593 support turned resistance indicates that correction from 1.0851 has already completed with three waves down to 1.0416 already. Initial bias remains on the upside this week for 1.0851 resistance first. Break will target 100% projection of…

After dipping to 0.8833, EUR/GBP rebounded strongly last week and closed above 0.9 level. The break of near term falling trend line resistance indicates that whole corrective fall form 0.9410 has possibly completed already after touching 0.8837 support. Initial bias will remain on the upside this week as long as…

EUR/CHF’s recovery and break of near term falling trend line resistance last week argues that recent choppy fall has possibly completed at 1.5080 already. Initial bias will remain on the upside this week as long as 1.5102 minor support holds. Further rally could now be seen towards 1.5238 resistance next….