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Daily Pivots: (S1) 1.3703; (P) 1.3725; (R1) 1.3752; More… Intraday bias in USD/CAD remains on the upside for the moment. 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. Further rise should be seen to 1.3790 resistance first. Firm break there will […]

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10/01/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 143.63; (P) 144.27; (R1) 144.89; More… USD/JPY recovered ahead of 143.17 minor support but stays well below 145.97 resistance. Intraday bias remains neutral at this point. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On […]
24/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.63; (P) 154.76; (R1) 154.95; More… Intraday bias in USD/JPY stays mildly on the upside for further rally. However, considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the downside, break of 153.58 support will turn bias to […]
18/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8790; (P) 0.8871; (R1) 0.8915; More… USD/CHF’s decline is still in progress and intraday bias stays on the downside. Fall from 0.9223 should target 60% retracement of 0.8332 to 0.9223 at 0.8672 next. On the upside, above 0.8884 minor resistance will turn intraday bias neutral first. In the bigger picture, with 0.9243 […]