Stocks and Dollars

USD/CAD edged lower to 0.9406 but formed a short term bottom there and rebounded. Initial bias is mildly on the upside for stronger rise towards near term falling trend line (now at 0.9614) and possibly above. But after all, break of 0.9778 is needed to signal reversal in recent down

Despite edging higher to 0.8883 last week, EUR/GBP reversed and subsequent fall indicates that recovery from 0.8704 has completed. Initial bias is mildly on the downside for 0.8704 first and break will confirm resumption of the whole fall from 0.9083. In such case, next downside target will be 0.8610 key

Despite edging higher to 0.8883 last week, EUR/GBP reversed and subsequent fall indicates that recovery from 0.8704 has completed. Initial bias is mildly on the downside for 0.8704 first and break will confirm resumption of the whole fall from 0.9083. In such case, next downside target will be 0.8610 key

EUR/CHF’s down trend resumed by taking out 1.1404 support and dropped to new record low of 1.1295 last week. Initial bias remains on the downside and current fall should now target 100% projection of 1.2344 to 1.1404 from 1.1891 at 1.0951 next, which is also close to 161.8% projection of

EUR/CHF’s down trend resumed by taking out 1.1404 support and dropped to new record low of 1.1295 last week. Initial bias remains on the downside and current fall should now target 100% projection of 1.2344 to 1.1404 from 1.1891 at 1.0951 next, which is also close to 161.8% projection of

GBP/USD’s rise from 1.5780 extended further to as high as 1.6499 last week and near term outlook remains bullish for 1.6546 resistance. As discussed before, correction from 1.6746 should have completed with three waves down to 1.5780 already. Break of 1.6546 resistance will affirm this bullish case and should send

GBP/USD’s rise from 1.5780 extended further to as high as 1.6499 last week and near term outlook remains bullish for 1.6546 resistance. As discussed before, correction from 1.6746 should have completed with three waves down to 1.5780 already. Break of 1.6546 resistance will affirm this bullish case and should send

USD/CHF’s down trend extended further last week and made new record low at 0.7848. Initial bias remains on the downside this week for medium term projection level at 0.7797. Break will target 161.8% projection of 0.8519 to 0.8081 from 0.8277 at 0.7568 in near term. On the upside, above 0.7918