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Daily Pivots: (S1) 166.11; (P) 166.81; (R1) 167.39; More… Intraday bias in EUR/JPY remains neutral as consolidation continues above 164.81. Further decline is expected as long as 55 4H EMA (now at 168.63) holds. On the downside, decisive break of 164.29 support turned resistance will indicate that larger scale correction is underway for 155.91 fibonacci […]

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USD/JPY Mid-Day Outlook

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07/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3475; (P) 1.3538; (R1) 1.3577; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. Further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at 1.3721 next. However, firm break of […]
13/02/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0766; (P) 1.0781; (R1) 1.0799; More… Intraday bias in EUR/USD remains neutral and outlook is unchanged. While stronger recovery cannot be ruled out, outlook will stay bearish as long as 1.0896 resistance holds. On the downside, sustained break of 1.0722 will argue that whole rise from 1.0447 has completed. Deeper fall would […]
18/07/2024

USD/CAD Daily Outlook

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 […]