With 4 hours MACD crossed below signal line, an intraday top should be in place at 0.8070. Intraday outlook is turned neutral for the moment and some consolidation would be seen. But pull back should be contained above 0.7845 support

With 4 hours MACD crossed above signal line, an intraday low should be in place at 1.1116 after meeting 61.8% retracement of 1.0784 to 1.1723 at 1.1143. Intraday outlook is turned neutral for the moment. Note that fall from 1.1723

EUR/CHF's retreat is tentatively treated as completed at 1.5146 and intraday bias is flipped back to the upside for the moment. Break of 1.5218 will indicate that rise from 1.5108 has resumed and reaffirm the case that correction from 1.5380

With 4 hours MACD crossed below signal line, an intraday top should be in place at 1.4165 and some consolidation should now be seen. But after all, pull back should be contained above 1.3832 support and bring strong rally. Recent

Despite falling to 1.0702 yesterday, it is necessary to see a break below support at 1.0592 to confirm the decline from 1.1967 (wave (b)) has resumed and extend weakness to 1.0500, however, we still expect support at 1.0370 to hold

Despite rebounding to 1.6329 earlier this month, the sharp retreat this week suggests the c leg fall from 1.6973 may bring retest of 1.5346, break would extend to 1.5106 (100% projection of a leg from 1.7509-1.5642, measuring from 1.6973) and

With 4 hours MACD crossed below signal line, an intraday top should be in place at 155.14 and some consolidation should now be seen. But pull back is expected to be contained by 150.64 support and bring another rise. Above

With 4 hours MACD crossed below signal line, an intraday top should be in place at 133.38 and some more consolidation could now be seen. But after all, pull back should be contained above 129.33 support. ABove 133.38 will bring

Despite rising marginally to 0.8073, the Australian dollar retreated from there, in view of the 3-legged rise from 0.7960 to 0.8073, we are keeping our count that wave i ended 0.8057 and the c leg of wave ii is still

EUR/GBP's retreat from 0.8697 should be completed and intraday bias is flipped back to the upside for this resistance first. Break will confirm that whole rise from 0.8399 has resumed and should then target 0.8866 resistance next. Nevertheless, we'd like

The single currency remained sidelined after rallying to 133.40 earlier this week and further consolidation would take place but as long as said resistance holds, another corrective fall is likely, break of 131.60/63 would bring correction in wave (ii) for

Although the single currency rebounded after intra-day retreat to 1.4062, it is necessary to berak resistance at 1.4166 to confirm rise from 1.3832 has resumed and extend towards 1.4202, otherwise, further consolidation cannot be ruled out and below said minor

The greenback rebounded in U.S. morning session partly due to the release of impressiev Citigroup Q2 earnings report with profit of 49 cents per share and stops above 94.50 are now in focus, above there would bring stronger retracement of

The Australian dollar traded narrowly after retreating from yesterday’s high of 0.8073 and further consolidation below this level would take place and correction towards the Ichimoku cloud top (now at 0.7916) cannot be ruled out but renewed buying interest should

Intraday outlook in EUR/USD remains neutral for the moment and some more consolidation could be seen. But after all, pull back should be contained above 1.3832 support and bring strong rally. Recent development suggests that price actions from 1.4337 are

GBP/USD's retreat from 1.6480 is still in progress and some down decline is likely. But after all, we're still favoring the case that correction from 1.6742 has completed at 1.5983 and rise from there is still in progress. Above 1.6480

A rather quiet trading day as major pairs are generally bounded in tight range. Sterling is an exception which dipped noticeably in European session against dollar and euro but pared so losses later on. USD/CHF also spiked higher earlier, following

USD/CHF's recovery from 1.0710 extends further in early US session and touches 4 hours 55 EMA. But after all, such recovery is expected to be limited below 1.0938 resistance and bring fall resumption. We're holding on to the preferred view

Intraday outlook in USD/JPY remains neutral at this point. As discussed before, while another rise cannot be ruled out, the choppy rebound from 91.79, which is treated as consolidation to fall from 96.96, is expected to be limited below 94.87

The British pound dropped to as low as 1.6266 after breaking indicated support at 1.6345/55, confirming top has been formed at 1.6482 yesterday and downside bias is for further fall to 1.6258 (50% Fibonacci retracement of 1.6033 to 1.6482, this