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EUR/USD’s strong rebound last week suggests that pull back from 1.0915 has completed at 1.0665 already. Initial bias remains on the upside this week for 1.0915 resistance. Firm break there will target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0919 next. On the downside, below 1.0783 minor support will turn intraday bias neutral […]

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03/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3601; (P) 1.3645; (R1) 1.3672; More…. Range trading continues in USD/CAD and intraday bias remains neutral. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, firm break of […]
12/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.96; (P) 146.89; (R1) 147.49; More… USD/JPY’s rebound from 141.67 extends higher today but stays below 38.2% retracement of 161.94 to 141.67 at 149.41. Intraday bias stays neutral and outlook remains bearish. Below 145.42 minor support will turn bias to the downside for 141.67. Break there will resume the fall from 161.94 […]
11/09/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6536; (P) 1.6568; (R1) 1.6596; More… Further rally is expected in EUR/AUD with 1.6457 support intact, despite loss of momentum. Rebound from 1.6256 is expected to continue to retest 17180 high. On the downside, however, break of 1.6457 support will turn bias back to the downside for 1.6256 again. In the bigger […]