Daily Forex News

USD/CHF’s sharp rebound in early US session suggests that retreat from 1.0285 might have completed at 1.0156 already. Though, it’s still limited below 1.0285. Intraday bias remains neutral for the moment and some more consolidation could still be seen. However, even in case of another fall, downside is expected to…

Dollar and yen continue to fight back against other major currencies as the risk appetite triggered selloff fades. European stocks are generally softer. Stocks in US are set to open lower after yesterday’s sharp rebound. Crude oil and gold also weakens mildly today, providing some additional support to the greenback….

Yesterday’s stronger-than-expected rebound to 136.00 suggests the fall from 138.49 has possibly ended at 132.81 and although price has retreated from 136.00, reckon downside would be limited to 133.90-00 (just below 61.8% Fibonacci retracement of 132.81-136.00 at 134.03) and bring another rally later today or early next week. Above said…

Yesterday’s sharp retreat from 1.0288 signals the first leg of upmove from 2009 low of 1.0033 has ended there and consolidation would be seen. Whilst fall to the Ichimoku cloud top (now at 1.0134 and just above 61.8% Fibonacci retracement of 1.0033 to 1.0288 at 1.0130) cannot be ruled out,…

As cable has remained sidelined after rising to 1.6605 yesterday, suggesting further consolidation would take place but downside should be limited to the Tenkan-Sen (now at 1.6471) and renewed buying interest is likely to emerge around 1.6432-1.6445 (current level of the Kijun-Sen and 50% Fibonacci retracement of 1.6285 to 1.6605),…

Yesterday’s strong rebound to 1.4860 suggests the decline from 1.5064 has formed a low at 1.4683 and correction of this fall to 1.4874 (50% Fibonacci retracement of 1.5064 to 1.4683) cannot be ruled out, however, reckon upside would be limited to 1.4918 (61.8% Fibonacci retracement of 1.5064-1.4683) and the Ichimoku…

Although dollar has retreated after rising to 91.63 and consolidation would take place, reckon downside would be limited to the Ichimoku cloud bottom (now at 90.51) and support at 90.07 should hold, bring another rebound. Above said resistance would suggests the retreat from 92.33 has ended and bring resumption of…

At this point, intraday bias in EUR/GBP remains on the downside and further decline could still be seen. Fall from 0.9410 is treated as correction to whole rally from 0.8454 and would target 0.8704/8837 support zone before completion. On the upside, above 0.8993 minor resistance will turn intraday bias neutral…

EUR/CHF continue to be bounded in choppy sideway trading in familiar range. Risk remains on the downside with 1.5238 resistance intact and another fall in EUR/CHF cannot be ruled out. But even in that case, downside should be contained by 1.5007 key support to complete the fall from 1.5364 and…

The New Zealand finally met resistance after rising to 0.7635 last week and retreated from there, suggesting a temporary top has possibly been formed, however, as the Tenkan-Sen has contained kiwi’s downside so far and price has rebounded from 0.7163 yesterday, suggesting minor consolidation would take place before prospect of…