September 2008 – BRIAN TWOMEY ON TRADING

AUD:

CAN:

CHF:

EURO:

GBP:

JPY:

NZD:

Forex Outlooks

EUR/USD Weekly Outlook July 11, 2020

EUR/USD recovered to 1.1370 last week but retreated sharply since then. Initial bias remains neutral this week first. On the upside, above 1.1370 will target 1.1422. Break there will resume whole rebound from 1.0635 to 1.1496 key resistance. However, on the downside, break of 1.1258 minor support will turn bias back to the downside, to […] The post EUR/USD W […]

USD/JPY Weekly Outlook July 11, 2020

USD/JPY’s sharp decline last week suggests that rebound from 106.07 has completed at 108.16 already. more importantly, he corrective pattern from 111.71 is likely extending with another falling leg. Initial bias remains mildly on the downside this week for 106.07 support first. Break will target 61.8% retracement of 101.18 to 111.71 at 105.20. On the […] The […]

GBP/USD Weekly Outlook July 11, 2020

GBP/USD’s rebound from 1.2251 extended higher to 1.2669 last week. As a temporary top was formed, initial bias is neutral this week first. Further rise is expected as long as 1.2508 minor support holds. On the upside, break of 1.2669 will target a test on 1.2813 high. On the downside, however, break of 1.2508 will […] The post GBP/USD Weekly Outlook appeared […]

USD/CHF Weekly Outlook July 11, 2020

USD/CHF dropped through 0.9376 last week to resume the decline from 0.9901. But as a temporary low was formed at 0.9362, initial bias is neutral this week first. Further fall is expected as long as 0.9453 resistance holds. On the downside, break of 0.9362 will target 100% projection of 0.9901 to 0.9502 from 0.9736 at […] The post USD/CHF Weekly Outlook appea […]

AUD/USD Weekly Outlook July 11, 2020

AUD/USD gyrated higher last week but was held well below 0.7064 high so far. Outlook is unchanged and initial bias remains neutral this week first. We’d still expect correction from 0.7064 to extend with another falling leg. On the downside, below 0.6922 minor support will turn bias to the downside for 0.6776 support. Break there […] The post AUD/USD Weekly […]

Month: September 2008

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