Reviews and Comparisons, Forex & Asset Management
USD/JPY rebounds strongly today but upside is still limited below 83.02 minor resistance and is staying near to the middle of recent converging range. Outlook remains unchanged. Sideway consolidation from 80.29 is in progress and we'd expect more choppy range trading ahead. Above 83.02 will bring another rise but upside
USD/CHF's recovery extends further to as high as 0.9362 in early US session and further rise could still be seen. But still, we'd expect strong resistance at 38.2% retracement of 0.9774 to 0.9201 at 0.9420 to limit upside and bring fall resumption. Decisive break of 0.9201 will confirm that USD/CHF's
GBP/USD's pullback from 1.6343 extends further to as low as 1.6124 in early US session and deeper decline would still be seen. But after all, another rise remains in favor as long as 1.6030 support holds Above 1.6207 minor resistance will flip bias back to the upside. Further break of
As noted before, a temporary top is at least in place at 1.4035 after EUR/USD missed 61.8% projection of 1.2873 to 1.3860 from 1.3427 at 1.4037. Intraday bias is mildly on the downside for deeper retreat to 4 hours 55 EMA (now at 1.3858) and below. Though, strong support should
Dollar rebounds further in early US session as markets' focus once again turned back to Eurozone debt crisis. Greece managed to sell EUR 1.625b of 26-week bills today with yield at 4.75%, up from prior 4.64%. Demand was also weaker with bid-to-cover ratio down to 3.59, from 4.54. Greek 10
The BOE will very likely leave the Bank unchanged at 1% and the asset-purchase program at 200B pound at the March meeting. While the decisions will be the same as previous months, the economic backdrops have changed a lot. Recent rally in oil prices has increase global inflationary pressures and
Consolidation from 0.9683 is still in progress and intraday bias remains neutral. Even in case of another recovery, upside is expected to be limited by 0.9836 support turned resistance and bring fall resumption. Below 0.9683 will target 161.8% projection of 1.0851 to 1.0138 from 1.0671 at 0.9517 next. Nevertheless, above
AUD/USD is bounded in tight range below 1.0200 resistance and intraday bias remains neutral. As noted before, while upside momentum is clearly seen diminishing with bearish divergence condition in daily MACD, AUD/USD is still drawing strong support from 55 days EMA. Recent up trend is still in favor to continue
A temporary tops should be in place in EUR/USD at 1.4035 after just missing 61.8% projection of 1.2873 to 1.3860 from 1.3427 at 1.4037. Intraday bias is turned neutral and some retreat might be seen towards 4 hours 55 EMA (now at 1.3858). Though, strong support should be seen from
Intraday bias in GBP/UISD is neutral for the moment with the break of 1.6214 minor support and some consolidations would be seen first. Nevertheless, another rise remains in favor as long as 1.6030 support holds. Above 1.6343 will target 61.8% projection of 1.4230 to 1.6298 from 1.5343 at 1.6621 next.
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