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Daily Pivots: (S1) 0.8917; (P) 0.8931; (R1) 0.8958; More…. Intraday bias in USD/CHF stays neutral and more consolidations could be seen above 0.8825. Still, near term outlook remains bearish with 0.8992 resistance intact. Break of 0.8825 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672. In the bigger picture, […]

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28/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3611; (P) 1.3642; (R1) 1.3666; More… Intraday bias in USD/CAD is mildly on the downside as fall from 1.3742 extends. Rise from 1.3176 could have completed at 1.3845. Firm break of 1.3589 will target 61.8% retracement of 1.3176 to 1.3845 at 1.3432. On the upside, above 1.3670 minor resistance will turn intraday […]
21/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.18; (P) 143.64; (R1) 144.02; More… Intraday bias in USD/JPY stays neutral for the moment, as consolidation from 140.94 is extending. Upside of current recovery should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci […]
14/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3429; (P) 1.3452; (R1) 1.3474; More… Intraday bias in USD/CAD remains neutral as sideway trading continues. Further rise is mildly in favor as long as 1.3357 support holds. On the upside, decisive break of 1.3540/3 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 […]