Reviews and Comparisons, Forex & Asset Management
Intraday bias in USD/CHF remains neural as consolidations from 1.0399 is still in progress. But after all, note that 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 support (0.9634, 0.9916, now at 1.0014).
USD/JPY's consolidation from 86.26 is still in progress and intraday bias remains neutral. Some more sideway trading could be seen above 86.26 and another recovery cannot be ruled out. But after all, upside is expected to be limited well below 89.14 resistance and bring fall resumption. Below 86.26 will target
EUR/GBP's pull back from 0.8530 extends further today and reaches as low as 0.8376 so far. Further fall cannot be ruled out but after all, 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
EUR/CHF's fall from 1.3674 extends further to day and intraday bias is mildly on the downside for the moment. Break of 1.3434 support turned resistance will indicate that rebound from 1.3072 is finished and will target 1.3072 low first. Break will confirm down trend resumption for 1.3 psychological level next.
Euro weakens further today as weakness in crosses continues. Markets remain cautious on the common currency ahead of bank stress test result. Meanwhile, Euro is weighed down mildly by poor bond auction result by Portugal. Yield on the EUR 1.253b 12-month bill sold today more than doubled that was sold
As noted before, a temporary top is in place at 1.3027 in EUR/USD. Intraday bias is now mildly on the downside for 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
Break of 1.5309 minor resistance suggests that retreat from 1.5470 is finished Intraday bias is flipped back to the upside for 1.5470 resistance and above. Also, 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
Intraday bias in USD/CHF remains neural as consolidations from 1.0399 is still in progress. But after all, note that 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 support (0.9634, 0.9916, now at 1.0014).
USD/JPY's consolidation from 86.26 is still in progress and intraday bias remains neutral. Some more sideway trading could be seen above 86.26 and another recovery cannot be ruled out. But after all, upside is expected to be limited well below 89.14 resistance and bring fall resumption. Below 86.26 will target
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 fall to continue the medium term consolidation. On the downside, below 0.8632 will flip intraday bias
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