Daily Forex News

EUR/USD’s rise from 1.4050 extends further to as high as 1.4351 in early US session. Break of 1.4326 resistance indicates that fall from 1.4446 has completed with three waves down to 1.4045 already and the corrective structure in turn indicates that medium term rally is still in progress for another…

GBP/JPY is still bounded in range of 153.43 and 157.47 and intraday outlook remains neutral for the moment. Some more consolidation cannot be ruled out. But after all, even in case of another rise, upside is expected to be limited below 160.34 resistance and bring fall resumption. As noted before,…

Consolidation from 132.17 is still in progress and some more sideway trading could be seen. But after all, consolidation should be relatively brief as long as 134.79 resistance holds. As discussed before, whole rise from 127.08 should have completed at 138.70 already. Below 132.17 will bring fall resumption to retest…

EUR/GBP’s break of 0.8652 suggests that rally from 0.8454 has resumed. At this point, intraday bias remains on the upside for further rally towards 0.8697 resistance next. Break there will confirm whole rally from 0.8399 has resumed for 0.8866 resistance next. On the downside, below 0.8573 will turn intraday outlook…

Intraday bias in EUR/CHF remains on the downside as long as 1.5188 minor resistance holds. Further decline should be seen to 1.5108 and probably further to 100% projection of 1.5380 to 1.5108 from 1.5364 at 1.5092 before completing the whole consolidation from 1.5380. On the upside, above 1.5188 will flip…

AUD/USD’s choppy rebound from 0.8154 is still in progress and further rise might be seen. But upside is still expected to be limited well below 0.8476 high and bring fall resumption. As discussed before, prior break of 0.8179 support indicates that whole rise from 0.7702 should have completed already and…

USD/CAD’s fall from 1.1123 is still in progress and at this point, intraday bias remains on the downside as long as 1.0942 minor resistance holds. Break of 1.0792 support will invalidate the view that USD/CAD has bottomed out at 1.0631 already. Instead, this will argue that whole medium term fall…

EUR/USD’s rise from 1.4045 extends further to as high as 1.4317 so far today and at this point, intraday bias remains on the upside as long as 1.4208 minor support holds. Decisive break of 1.4326 will invalidate the view that EUR/USD has topped out at 1.4446 already and suggest that…

No change in GBP/USD’s outlook. Consolidation from 1.6274 is still in progress and another rise cannot be ruled out. But after all, upside is expected to be limited by 1.6663 resistance and bring fall resumption. Below 1.6375 minor support will flip intraday bias back to the downside and further break…

USD/CHF dips further to as low as 1.0649 today and at this point, intraday bias remains on the downside as long as 1.0654 minor resisteance holds. Break of 1.0561 low will invalited that bullish view that USD/CHF has bottomed. Instead, it will confirm whole decline from 1.1963 is still in…