USDCHF Forecast The USDCHF continued its bullish momentum yesterday, topped at 0.9970 but closed lower at 0.9918 and keep moving lower around 0.9907 at the time I wrote this comment. The bias is bearish in nearest term testing 0.9877 and 0.9800 but as long as price moves inside the bullish channel the major bullish scenario [...]
USDJPY Forecast The USDJPY attempted to push higher yesterday, topped at 81.41 but closed lower at 80.57. The bias is neutral in nearest term but overall we are still in a strong bearish outlook at least testing 79.70/50 area. No significant new technical moves so far and the movement remains boring. Immediate resistance at 80.85 [...]
GBPUSD Forecast The GBPUSD was indecisive yesterday, made a Doji on daily chart. The bias is neutral in nearest term but overall we are still in a major bullish scenario re-testing 1.6105. Clear break above that area could trigger further bullish scenario testing 1.6230/50 area. Immediate support at 1.6000. Break below that area could trigger [...]
EURJPY Forecast The EURJPY slipped above the bearish channel yesterday, but so far still able to move inside the bearish channel indicates the major bearish scenario remains intact. I think we could still see further upside attempts re-testing the upper line of the bearish channel and 112.75 resistance area but only a clear break above [...]
EURUSD Forecast The EURUSD attempted to push lower yesterday, bottomed at 1.3863 but closed higher at 1.3908 after found support at the lower line of the minor bullish channel as you can see on my h1 chart below. This fact indicates that we are still in intra-day bullish outlook testing the upper line of the [...]
EURJPY Forecast The EURJPY slipped above the bearish channel earlier today in Asian session, indicates a serious upside challenge to the bearish scenario. So far price still maintain position inside the bearish channel but a consistent move above the channel could trigger further bullish momentum testing 113.75 and could be a beginning of a bullish [...]
EURUSD Forecast The EURUSD was volatile earlier today in Asian session, bottomed at 1.3895 but whipsawed to the upside, hit 1.3996. The bias is bullish in nearest term testing 1.4028 and the upper line of the bullish channel. A clear break above the bearish channel could be a threat to the bearish outlook re-testing 1.4079 [...]
USDCHF Forecast The USDCHF attempted to push higher today, hit 0.9877 but further upside pressure was still limited so far and traded lower around 0.9830 at the time I wrote this comment. The bias is neutral in nearest term but overall we are still in bullish phase especially if price able to make a clear [...]
USDJPY Forecast The USDJPY attempted to push higher earlier today in Asian session, topped at 81.41 but quickly fell around 80.65 at the time I wrote this comment. The bias is bearish in nearest term testing 80.24 ? 79.70. Immediate resistance at 80.85. Another move back above that area could lead us to neutral zone [...]
GBPUSD Forecast The GBPUSD attempted to push lower earlier today in Asian session, bottomed at 1.5990 but whipsawed to the upside, topped at 1.6068. This fact indicates the major bullish momentum is still strong. The bias is bullish in nearest term re-testing 1.6105. Immediate support at 1.5990. Another move below that area could lead us [...]
