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Daily Pivots: (S1) 1.3659; (P) 1.3681; (R1) 1.3704; More… Intraday bias in USD/CAD remains neutral for the moment. Outlook is unchanged that 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. Above 1.3707 will target 1.3790 resistance first. Break of 1.3790 […]

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16/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0608; (P) 1.0636; (R1) 1.0653; More… Intraday bias in EUR/USD stays on the downside at this point. Current fall is part of the decline from 1.1138. Next target is 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. On the upside, above 1.0664 minor resistance will turn intraday bias neutral […]
06/04/2024

EUR/GBP Weekly Outlook

EUR/GBP remains bounded in range last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, break […]
23/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.33; (P) 156.58; (R1) 157.07; More… Intraday bias in USD/JPY remains neutral for the moment. Price actions from 160.20 are seen as a corrective pattern. On the upside, break of 156.78 will resume the rise from 151.86, as the second leg, to 100% projection of 151.86 to 156.78 from 153.59 at 158.51. […]