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Daily Pivots: (S1) 1.3714; (P) 1.3733; (R1) 1.3749; More… Intraday bias in USD/CAD remains neutral at this point. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near term bullishness. Further rise should be seen to retest 1.3946 high. However, sustained trading below 55 D EMA (now at 1.3726) will […]

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04/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6681; (P) 0.6738; (R1) 0.6769; More… AUD/USD’s breach of 0.6696 support indicates that 0.6823 is already a short term top and deeper correction is underway. Intraday bias is now on the downside for 38.2% retracement of 0.6348 to 0.6823 at 0.6642. Break will target 61.8% retracement at 0.6529. On the upside, though, […]
16/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 140.08; (P) 140.99; (R1) 141.69; More… Intraday bias in USD/JPY remains on the downside for 139.26 fibonacci level. Some support could be seen there to bring rebound. But outlook will remain bearish as long as 143.03 resistance holds. Decisive break of 139.26 would carry larger bearish implications, and target 61.8% projection of […]
13/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8425; (P) 0.8439; (R1) 0.8459; More… Intraday bias in EUR/GBP is turned neutral with current recovery, and some consolidations would be seen first. Further decline is expected as long as 0.8482 support turned resistance holds. Below 0.8417 will resume larger down trend to 0.8376 projection level next. On the upside, firm break […]