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Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Intraday bias in USD/CAD remains on the upside for 1.3790 resistance. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Break of 1.3790 will argue that larger rise from 1.3716 is ready […]

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22/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.95; (P) 171.33; (R1) 171.73; More… EUR/JPY is staying above 169.98 despite today’s fall. Intraday bias remains neutral first, and further decline is expected as long as 172.91 resistance holds. Below 169.98 will target 38.2% retracement of 153.15 to 175.41 at 166.90, as a correction to whole rise from 153.15. On the […]
29/06/2024

USD/JPY Weekly Outlook

USD/JPY’s break of 160.20 resistance last week confirmed long term up trend resumption. But as a temporary top was formed at 161.27, initial bias remains neutral this week for consolidations. Downside should be contained by 158.71 support to bring another rally. Break of 161.27 will target 61.8% projection of 146.47 to 160.20 from 154.53 at […]
12/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9068; (P) 0.9107; (R1) 0.9140; More…. Intraday bias in USD/CHF remains neutral for the moment, as consolidation from 0.9146 continues. Further rally is expected as long as 0.8996 support holds. Break of 0.9146 will resume whole rally from 0.8332. Next target is 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8818. […]