USDJPY: A third day of upside recovery is now underway suggesting further gains towards the 79.63 level, its daily 200 ema could be developing. Above here will target the 80.00 level followed by the 81.77 level where a break...
Read MoreGBPUSD: With the pair seen reversing its Tuesday marginal weakness on a strong rally, further upside is now expected. In such a case, the 1.5524 level serves as the immediate upside target with a breach aiming at the 1.5601...
Read MoreUSDCAD: Price hesitation may have set in but USDCAD continues to hold on to its broader medium term uptrend while holding above its key resistance at the 1.0310/17 level. This leaves the risk of a return to its resistance zone...
Read MoreAUDUSD: The pair is recovering following its hammer candle formation on Friday. However, the present price action is not too convincing suggesting a full blown recovery may not occur at this stage. In such a case, risk of a...
Read MoreUSDCHF: With USDCHF halting its two-day corrective pullbacks and turning higher in early trading today, risk of a return to the 0.9768 level could be developing. Above here will call for a run at the 0.9850 level and possibly...
Read MoreEURGBP- With EURGBP surging higher and holding above its key resistance at the 0.8101 level, a temporary bottom is now forming. This if seen will push the cross further higher towards the 0.8134 level and then the 0.8250 level....
Read MoreGBPJPY – Having continued to maintain its broader downside bias, further declines are likely to occur despite its current price hesitation. In such a case, support lies at the 119.57 level with a cut through there allowing...
Read MoreGOLD: With GOLD halting its broader weakness to rally strongly the past week, the commodity faces the risk of further upside offensive. However, it continues to hold on to its medium term downtrend. This suggests that its...
Read MoreEURUSD: With EUR weakening to close the week lower on Friday, risk remains lower as it enters the new week. Despite its Friday recovery higher seen on the daily chart, its broader medium term risk points lower. This leaves...
Read MoreUSDCAD: With USDCAD extending its bullishness the past week following a break and hold above the 1.0310/17 levels, further upside is expected in the new week. In such a case, further upside is likely towards the 1.0524 level...
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