Stocks and Dollars

USD/CHF’s break of 1.0399 support last week indicates that whole decline from 1.1729 has resumed. Short term outlook will now remain bearish as long as 1.0639 resistance holds. Current decline should target outer trend line support (0.9634, 0.9916, now at 1.0020). Nevertheless, note that break of 1.0639 will indicate that

USD/CHF’s break of 1.0399 support last week indicates that whole decline from 1.1729 has resumed. Short term outlook will now remain bearish as long as 1.0639 resistance holds. Current decline should target outer trend line support (0.9634, 0.9916, now at 1.0020). Nevertheless, note that break of 1.0639 will indicate that

AUD/USD rose to as high as 0.9068 last week before turning sideway. Initial bias remains neutral this week and some more consolidations might be seen first. On the upside, above 0.9068 will indicate that whole choppy rise from 0.8066 has resumed and should target 0.9380/9404 resistance zone. But we’d expect

AUD/USD rose to as high as 0.9068 last week before turning sideway. Initial bias remains neutral this week and some more consolidations might be seen first. On the upside, above 0.9068 will indicate that whole choppy rise from 0.8066 has resumed and should target 0.9380/9404 resistance zone. But we’d expect

USD/CAD dipped lower last week but after all, it’s still bounded in recent converging range. As noted before, price actions from 1.0734 are viewed as sideway consolidation pattern, in form of triangle. Price actions would remain choppy until such pattern completions. On the downside, in case of another fall, we’d

USD/CAD dipped lower last week but after all, it’s still bounded in recent converging range. As noted before, price actions from 1.0734 are viewed as sideway consolidation pattern, in form of triangle. Price actions would remain choppy until such pattern completions. On the downside, in case of another fall, we’d

EUR/GBP’s fall from 0.8530 extended further last week and the break of 0.8316 support suggests that rebound from 0.8067 is finished. Initial bias remains on the downside this week and further fall should be seen to retest 0.8067 low. On the upside, above 0.8394 will turn intraday bias neutral and

EUR/GBP’s fall from 0.8530 extended further last week and the break of 0.8316 support suggests that rebound from 0.8067 is finished. Initial bias remains on the downside this week and further fall should be seen to retest 0.8067 low. On the upside, above 0.8394 will turn intraday bias neutral and