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EUR/USD’s recovery from 1.3852 might still continue but after all, recent fall is still expected to continue with 1.3989 minor resistance intact. Current fall is still expected to continue to next key cluster support at 1.3737. However, considering bullish convergence condition in 4 hours MACD, above 1.3989 will argue that…

Intraday bias in GBP/USD remains on the downside with 1.5979 minor resistance intact. Current decline is expected to continue to 1.5829 next. Break there will confirm the whole fall from 1.6875 has resumed for 1.5706 key cluster support. On the upside, above 1.5979 minor resistance will turn intraday bias neutral…

USD/CHF’s retreat from 1.0640 might continue further but after all, another rise is still expected with 1.0481 support intact. Above 1.0640 will indicate that whole rally from 0.9916 has resumed for 100% projection of 0.9916 to 1.0506 from 1.0131 at 1.0721 next. On the downside, though, below 1.0481 minor support…

Outlook in USD/JPY remains unchanged. While further recovery cannot be ruled out, fall from 93.74 is still in favor to continue as long as 91.86 resistance holds. Below 89.97 will flip intraday bias back to the downside. Break of 89.13 will confirm fall resumption to 87.36 support next. As discussed…

Dollar continues to consolidate as global stocks recover. Sterling was lifted by better than construction PMI while Euro is lifted by stronger than expected PPI reading. Nevertheless, the retreat in dollar is so far mild. More apparent strength is seen in Canadian dollar which is supported by crude oil’s rebound…

The USD is trading mixed with the AUD down sharply, AUD was pressured by the RBA’s surprise decision to hold overnight rates steady, GBP underperforms pressured by UK election polls which suggest the UK election may result in a hung parliament, a hung parliament will reduce the chance that the…

Up till now the world’s superpower revival persists efficiently throughout several sectors, knowing that the housing sector will most probably show strong signs of enhancement today; however, this present overall recovery is taking place at a slow but sure pace, as critical unemployment levels across the country keep on delaying…

Things could have been worse for the Australian dollar when the Reserve Bank decided not to sanction what would have been four interest rate increases in as many months. Had it made that decision just hours earlier when risk aversion was still in vogue, the market might have punished the…

The pair has immediate risk to the upside as it continues to hold on to its recovery gains triggered off the 89.12 level, its Jan 27?10 low. The challenge is for the pair to recapture its minor resistance at the 90.91 level followed with its Jan 21?10 high located at…

While we retain our broader bearish in the short term on the pair, risk of a recovery higher arising from its recent sell off could be shaping up. After testing a low of 1.3851 during intraday trading on Monday, the pair reversed higher to close the session at 1.3921.Unless the…