USDCHF: ⬇️ Sell – USDCHF broke daily up channel – Likely to fall to support level 0.8200 USDCHF currency pair recently broke the support zone between the support level 0.8275 and the support trendline of the daily up channel from the middle of August. The breakout of this support zone accelerated the active ABC correction…
EUR/CHF’s fall from 0.9485 resumed by breaking through 0.9258 support last week. Initial bias is now on the downside this week for 61.8% retracement of 0.8979 to 0.9485 at 0.9172. On the upside, above 0.9288 minor resistance will turn intraday bias neutral first. But risk will stay on the downside as long as 0.9367 resistance…
By Christopher Lewis Christopher L. Created on October 18, 2026 USD/CAD The U.S. dollar has fallen significantly against the Canadian dollar late in the week, as the 1.4250 level continues to be a significant barrier. By pulling back the way it has, it is reaffirming that it is a level worth watching as we continue…
EUR/AUD edged lower to 1.5951 last week then rebounded, but lost momentum after hitting 1.6264. Initial bias remains neutral this week first. Above 1.6264 will target 1.6334 resistance. Considering bullish divergence condition in D MACD, firm break of 1.6334 will indicate medium term bottoming. Nevertheless, rejection at 1.6334 will keep the larger down trend intact…
Despite interim recovery, EUR/GBP’s down trend continued last week by breaking through 0.8425 temporary low on Friday. Initial bias is back on the downside this week. Next target is 100% projection of 0.8728 to 0.8453 from 0.8611 at 0.8336. Risk will now stay on the downside as long as 0.8476 resistance holds, in case of…
EUR/JPY stayed in range above 176.19 last week and outlook is unchanged. Initial bias remains neutral this week first. In case of another fall, strong support is expected from 175.26/41 to bring rebound. Considering bullish divergence condition in 4H MACD, firm break of 179.29 resistance will indicate short term bottoming, and turn bias to the…
GBP/JPY recovered but stayed in range of 206.85/211.25 last week. Initial bias remains neutral this week first. While another fall cannot be ruled out, strong support should be seen from 206.10 fibonacci level to bring rebound. Considering bullish divergence condition in 4H MACD, firm break of 211.25 resistance should indicate short term bottoming. However, decisive…
USD/CAD’s extended decline last week indicates short term topping at 1.4298 after rejection by 1.4290 fibonacci level. Initial bias remains on the downside this week for 38.2% retracement of 1.3730 to 1.4298 at 1.4081. On the upside, above 1.4195 minor resistance will turn intraday bias neutral first. In the bigger picture, focus remains on 61.8%…
AUD/USD edged lower to 0.6893 last week but quickly recovered. Initial bias stays neutral this week first. Further fall is expected as long as 0.7012 resistance holds. Below 0.6893 will target 6864, and then 100% projection of 0.7277 to 0.6864 from 0.7237 at 0.6824. However, break of 0.7012 resistance will indicate short term bottoming, and…
USD/CHF reversed after edging higher to 0.8394 last week, but failed to break through 0.8227 support decisively. Initial bias remains neutral this week first. Strong rebound current level will retain near term bullishness for another rally through 0.8394 at a later stage. However, firm break of 0.8227 will indicate that a larger scale corrective fall…