Reviews and Comparisons, Forex & Asset Management
AUD/USD continues to stay in tight range of 0.8632 and 0.8870 and intraday bias remains neutral. As noted before, the choppy rally from 0.8066 is not completed yet. Break of 0.8870 will bring another rise towards 0.9380/9404 resistance zone. But we'd expect upside to be limited there to bring another
USD/CAD is still bounded in choppy sideway trading inside converging range, probably in form of triangle. Intraday bias is neutral for the moment. On the upside, break of 1.0675 resistance will argue that such consolidation is completed and rise from 0.9929 low is resuming for another high above 1.0851. On
USD/CHF weakens mildly today but it's staying in tight range above 1.0399. Intraday bias remains neutral and more consolidations would still be seen. But still, short term outlook will remain bearish as long as 1.0674 resistance holds and another fall remains in favor. Below 1.0399 will target outer trend line
With 4 hours MACD below signal line, USD/JPY's recovery should have completed at 87.56. Intraday bias is cautiously on the downside and break of 86.26 support will confirm fall resumption to 84.81 key support next. On the upside, above 87.56 will delay the bearish view and bring more consolidations. But
EUR/JPY's break of 110.66 minor support suggests that choppy recovery from 107.30 has complete already. Also, failure below 113.40 resistance reaffirm the case that EUR/JPY has not bottomed yet. Intraday bias is flipped back to the downside for a test on 107.30 low first and break will confirm that whole
GBP/JPY's break of 131.49 support indicates that fall from 135.79 has resumed. Also, break of 131.23 support suggests that whole rebound from 126.73 is completed already. Intraday bias is now on the downside for 130.42 cluster support (61.8% retracement of 126.73 to 136.39 at 130.42) will confirm this bearish case
Yen extends gain in Asian as stocks are generally lower on Bernanke's dovish comments overnight. The Fed chairman said that "economic outlook remains unusually uncertain", and Fed "remain prepared to take further policy actions" to restore recovery. The comments reinforced markets' concern that outlook ahead is weaker than it was
Market sentiments were hit hard today as Fed Chairman Bernanke said that economic outlook remains "unusually uncertain". DOW reversed earlier gain and dived sharply to as low as 10065.5 before closing at 10120.53, dow -1.07%. Crude oil also reversed after hitting an intraday high of 78.57 and is back trading
EUR/USD's fall from 1.3027 is still in progress and intraday bias remains mildly on the downside with 1.2913 minor resistance intact. Further fall should be seen to 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
GBP/USD's recovery fails to extend and weakens again today. Bias is turned 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,
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