USDJPY: Broader Bias Points Lower.USDJPY: The risk continues to point to the downside as USDJPY holds on its medium term downside bias. This leaves USDJPY targeting the 77.88/66 levels. A violation of here will aim at the 77.00...
Read MoreGBPUSD: With GBP maintaining firmly above the 1.5778 level, a return to the 1.5909 level is our likely bias. A turn above here will pave the way for a move further higher towards the 1.6000 level. Price hesitation may occur here...
Read MoreCRUDE OIL: Though price consolidation is now seen, as long as Crude Oil maintains above its rising trendline, its short term bias points higher. However, the commodity will have to return above the 98.32 level to resume its...
Read MoreGOLD: Although hesitating, our outlook on GOLD remains higher as long as it continues to hold above the 1,640.45 level. However, it will have to break and hold above the 1,676.65 level to resume its corrective recovery towards...
Read MoreUSDCAD: With USDCAD continuing its weakness and testing the 0.9841 level to close lower on Tuesday, the threat is for an eventual break and hold below the 0.9841 level, its Aug’2012 low. If this occurs, the pair will...
Read MoreUSDJPY: We continue to hold our broader downside bias and look for USDJPY to eventually return to the 77.88/66 levels. A violation of here will aim at the 77.00 level, its psycho level. Below here will call for more declines...
Read MoreEURUSD: Though vulnerable to the downside, as long as it holds above the 1.2442 level, it faces the risk of a return to the 1.2588 level. A breach will aim at the 1.2692 level followed by the 1.2748 level. The alternative...
Read MoreUS Dollar Index: While the Index may be attempting to recover higher, it continues to hold on to its broader corrective pullback triggered from the 84.10 level. As long as it trades and holds below the 82.04 level, a retarget of...
Read MoreEURGBP- Although the cross closed higher for a second week in a row the past week, it will have to break and hold above the 0.7961 level to resume its corrective recovery triggered from the 0.7761 level. This if seen will open...
Read MoreGOLD: Having broken and closed above the 1,640.45 level, further price extension is likely to occur in the new week. This has opened up further upside towards the 1,670.70 level and then the 1,700.00 level. Price hesitation is...
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