Reviews and Comparisons, Forex & Asset Management
Risk appetite was given a boost last week on generally positive economic data, which in turn translated in to broad based reversal in the Japanese yen. DOW managed to extend recent rally to close at 10566.2, 213 pts up. Nasdaq even managed to rose to new high of 2327 before...
EUR/USD was bounded in sideway trading pattern that started at 1.3443 as consolidations continued last week. Such consolidation might continue initially this week and another rise cannot be ruled out. But upside is still expected to be limited by 1.3852 resistance and bring fall resumption. Break of 1.3435 support will...
Despite edging lower to 88.13 initially, USD/JPY staged a strong rebound from there and closed at 90.27 last week. A short term bottom is in place and initial bias remains on the upside and stronger rally could be seen towards near term falling trend line (now at 91.62). On the...
GBP/USD dived to as low as 1.4783 last week but drew support from 61.8% retracement of 1.3053 to 1.7043 at 1.4855 and formed a short term bottom. Initial bias is mildly on the upside this week and corrective rise from 1.4783 might extend further. Nevertheless, upside should be limited by...
USD/CHF continued to stay in established last week as consolidations continued. The rebound from 1.0648 was not very convincing and argues that more sideway trading could still be seen. Initial bias is neutral this week. Nevertheless, even in case of anther fall, downside is still expected to be contained by...
AUD/USD managed to regain strength towards the end of the week and resumed recent rally by taking out 0.9084 resistance on Friday. Initial bias remains on the upside this week and stronger rally is in favor towards 100% projection of 0.8577 to 0.9070 from 0.8802 at 0.9295 next. On the...
USD/CAD dropped sharply to as low as 1.0259 last week but began to lost momentum after hitting 100% projection of 1.0779 to 1.0369 from 1.0679 at 1.0269. At this moment, we're treating price actions from 1.0851 as sideway consolidation pattern with fall from 1.0779 as the third leg. Hence, while...
EUR/CHF continued to trade in extremely tight range last week and outlook remains unchanged. More downside would be in favor as long as 1.4697 minor resistance holds and would expect EUR/CHF to crawl towards 1.4557 support next. On the upside above 1.4697 minor resistance will suggest that there is no...
EUR/GBP spiked higher to 0.9137 last week but formed a short term top there and pulled back since then. Initial bias remains mildly on the downside this week and deeper fall could be seen to 4 hours 55 EMA (now at 0.8963). But downside should be contained by 38.2% retracement...
EUR/JPY's rebound from 119.64 accelerated on Friday and the strong break of 122.60 resistance indicates that a short term bottom is formed with bullish convergence condition in 4 hours MACD. More rise could now be seen towards 125.22 cluster resistance (38.2% retracement of 134.36 to 119.64 at 125.26). But we'd...
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