Reviews and Comparisons, Forex & Asset Management
AUD/USD's break of 0.8870 resistance confirms that whole choppy rise from 0.8066 has resumed. Intraday bias is back on the upside and further rally should be seen towards 0.9380/9404 resistance zone. But we'd expect upside to be limited there to bring another fall to continue the medium term consolidation. On
At this point, another fall remains in favor with 1.2913 minor resistance intact. As noted before, decisive break of 1.2522/2721 support zone will indicate that whole rebound from 1.1875, which is treated as a correction only, has completed and will target a retest on this low first. On the upside,
GBP/USD drew support from near term rising channel and recovers today. Outlook is basically unchanged. Another rise could still be seen with 1.4947 support intact. Decisive break of 1.5521 resistance will confirm that whole fall from 1.7043 has completed at 1.4230 already and target 61.8% retracement of 1.7043 to 1.4230
Intraday bias in USD/CHF is cautiously on the downside for the moment and break of 1.0399 will confirm that recent fall from 1.1729 has resumed. In such case, next target will be outer trend line support (0.9634, 0.9916, now at 1.0017). On the upside, above 1.0559 will bring another recovery
USD/JPY recovers mildly ahead of 86.26 support but still, intraday bias remains cautiously on the downside for the moment. Break of 86.26 will confirm that recent decline has resumed and should target 84.81 key support level next. On the upside, above 87.56 will delay the bearish view and bring more
Markets are basically in a directionless mode with sentiments flip-flop between positive and negative. Pessimism in Asian markets faded in European sessions following a string of solid economic data from Eurozone and UK. However, optimism also fades in early US session after another batch of poor data from US and
EUR/CHF's break of 1.3434 support indicates that recovery from 1.3072 has completed at 1.3674 already. Intraday bias is flipped back to the downside and further fall should be seen to retest 1.3072 low first. Break there will confirm down trend resumption for 1.3 psychological level next. On the upside, above
Intraday bias in EUR/GBP remains mildly on the downside with 0.8477 minor resistance intact and pull back from 0.8530 might extend further. But still, downside is expected to be contained by 0.8316 support and bring another rise. Above 0.8477 minor resistance will flip intraday bias back to the upside for
Intraday bias remains mildly on the downside with 1.2913 minor resistance intact. Current fall from 1.3027 should target 1.2522/2721 support zone. Decisive break there will indicate that whole rebound from 1.1875, which is treated as a correction only, has completed and will target a retest on this low first. On
Intraday bias in GBP/USD remains neutral for the moment. On the upside, note that decisive break of 1.5521 resistance will confirm that whole fall from 1.7043 has completed at 1.4230 already and target 61.8% retracement of 1.7043 to 1.4230 at 1.5968 next. However, failure below 1.5521, followed by break of
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