EUR/USD Weekly Outlook

EUR/USD’s decline from 1.2011 accelerates to as low as 1.1612 last week. The development suggests that it’s now in correction to whole rise from 1.0635. Deeper fall is expected this week as long as 1.1760 resistance holds, to 38.2% retracement of 1.0635 to 1.2011 at 1.1485. As it’s seen as a corrective move, strong support […]

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Sun, 27 Sep 2020 09:33:27 +0000
USD/JPY Weekly Outlook

USD/JPY rebounded to as high as 105.70 last week and the development suggests short term bottoming at 104.00. Initial bias stays on the upside this week for 55 day EMA (now at 106.02). Sustained break of 55 day EMA will raise the chance of bullish reversal and target 106.94 resistance for confirmation. On the downside, […]

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Sun, 27 Sep 2020 09:32:44 +0000
GBP/USD Weekly Outlook

GBP/USD’s decline form 1.3482 resumed to as low as 1.2675 last week. But a temporary low was formed there and initial bias is neutral this week first. Further decline is expected as long as 1.3007 resistance holds. On the downside, sustained break of 38.2% retracement of 1.1409 to 1.3482 at 1.2690 will argue that the […]

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Sun, 27 Sep 2020 09:28:25 +0000
USD/CHF Weekly Outlook

USD/CHF’s rebound form 0.8998 resumed last week and reached as high as 0.9296. Initial bias remains on the upside this week for resistance zone of 0.9376 and 38.2% retracement of 0.9901 to 0.8998 at 0.9343. Sustained break there will carry larger bullish implications and target 61.8% retracement at 0.9556. On the downside, break of 0.9215 […]

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Sun, 27 Sep 2020 09:23:26 +0000
AUD/USD Weekly Outlook

AUD/USD’s fall from 0.7413 resumed last week and accelerated to as low as 0.7005. Such decline is seen as correcting whole rise form 0.5506. Initial bias is now on the downside for 38.2% retracement of 0.5506 to 0.7413 at 0.6685. On the upside, break of 0.7086 minor resistance will turn intraday bias neutral and bring […]

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Sun, 27 Sep 2020 09:11:53 +0000
USD/CAD Weekly Outlook

USD/CAD’s rebound from 1.2994 resumed last week and reached as high as 1.3418. As a temporary top was formed there, initial bias is neutral this week for some consolidations first. Further rise is expected as long as 1.3171 support holds. Break of 1.3418 will target 38.2% retracement of 1.4667 to 1.2994 at 1.3633, to correct […]

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Sun, 27 Sep 2020 09:02:23 +0000
GBP/JPY Weekly Outlook

GBP/JPY edged lower to 133.03 last week but turned sideway since then. Initial bias remains neutral this week for some consolidations. Further decline is expected as long as 136.46 resistance holds. On the downside, break of 133.03 will resume the fall from 142.71 and target 61.8% retracement of 123.94 to 142.71 at 131.11 next. However, […]

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Sun, 27 Sep 2020 08:58:05 +0000
EUR/JPY Weekly Outlook

EUR/JPY’s decline last momentum ahead of 38.2% retracement of 114.42 to 127.07 at 122.23 and turned sideway last week. Initial bias is neutral this week first and some more consolidations could be seen. But further fall is expected as long as 124.31 resistance holds. Firm break of 122.23 will extend the fall from 127.07 to […]

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Sun, 27 Sep 2020 08:53:32 +0000
EUR/GBP Weekly Outlook

EUR/GBP stayed in consolidation below 0.9291 last week and outlook is unchanged. Initial bias stays neutral this week for some more consolidations. But further rally will remain in favor as long as 0.9067 support holds. On the upside, break of 0.9291 will extend the larger rise from 0.8670 and target 100% projection of 0.8670 to […]

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Sun, 27 Sep 2020 06:37:49 +0000
EUR/AUD Weekly Outlook

EUR/AUD rose sharply last week but failed to break through 1.6586 key resistance decisively. Initial bias remains neutral first with focus on 1.6586. Sustained break there will suggest that it’s at least in correction to the fall from 1.9799 to 1.6033. Further rise should then be seen to 38.2% retracement of 1.9799 to 1.6033 at […]

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Sun, 27 Sep 2020 06:32:58 +0000