Daily Forex News

GBP/USD’s recovery from 1.4783 is still in progress and further rise could still be seen. But after all, upside is expected to be limited below 1.5350 support turned resistance and bring fall resumption. Below 1.4887 minor support will flip intraday bias back to the downside. Further break of 1.4783 should…

No change in EUR/USD’s outlook. Intraday bias remains neutral as consolidations from 1.3443 continues. More sideway trading could be seen but even in case of another rise, upside is expected to be limited by 1.3838/52 resistance zone and bring fall resumption. On the downside, break of 1.3435 should target 161.8%…

No change in USD/CHF’s outlook. Intraday bias remains neutral as it’s still bounded in range below 1.0897. More consolidations could still be seen but even in case of another fall, we’d expect downside to be contained by 1.0608 cluster support (38.2% retracement of 1.0131 to 1.0897 at 1.0604) and bring…

With 89.47 minor resistance intact, intraday bias in USD/JPY remains on the downside and further decline is still expected towards 87.36 support. Break there will confirm that whole rebound form 84.81 is finished at 93.74. Also, in such case, the larger down trend is likely resuming for a new low…

Markets remain in consolidation mode in early US session. US ADP employment report showed -20k contraction in the private sector in February, slightly worse than expectation of -10k but not too far. January’s figure was revised down from -22k to -60k though. Challenger report showed -77.4% yoy drop in planned…

As euro has rebounded after holding above support at 119.66, suggesting further consolidation would take place and as long as 121.90 holds, recent decline may extend marginally in wave v and break of said support would extend weakness to 119.10 (approx. 50% projection of 125.24-119.66 measuring from 121.90) but reckon…

As aussie has eased after intra-day rise to 0.9065, suggesting minor consolidation would be seen, however, as we are keeping a view that the rise from 0.8800 signals wave ii correction has ended there, bullishness remains for test of 0.9072 resistance, above there would add credence to this view and…

Although aussie staged a strong rebound from 76.25 last month, the sharp retreat from 82.80 suggests further consolidation would take place and weakness to 0.79.00 cannot be ruled out but only a daily close below support at 78.25 would signal another leg of decline from 86.21 top is underway and…

Although the Australian dollar dropped to as low as 0.8578 earlier last month, the strong rebound from there suggests the C leg has ended there and consolidation with mild upside bias would be seen, however, only a daily close above resistance at 0.9331 would signal the final leg of recent…

As the single currency found decent demand above support at 0.8603 and staged a strong rebound last month, suggesting further choppy consolidation within early established range of 0.8400-0.9805 would be seen and further gain to 0.9200 would be seen, however, reckon resistance at 0.9413 would hold and then gyration within…