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Daily Pivots: (S1) 1.3704; (P) 1.3722; (R1) 1.3747; More… Intraday bias in USD/CAD is turned neutral first with current recovery. Further decline is mildly in favor as long as 1.3764 minor resistance holds. Below 1.3688 will resume the fall from 1.3946 to 1.3588 key support. Nevertheless, break of 1.3764 will turn bias back to the […]

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07/07/2024

USD/CAD Weekly Outlook

USD/CAD fell to 1.3602 last week but recovered ahead of 1.3589 support. Initial bias remains neutral this week first. Corrective pattern from 1.3845 could still extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above 1.3686 […]
16/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8526; (P) 0.8547; (R1) 0.8579; More…. While USD/CHF’s rebound could extend higher, near term outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8487 minor support will bring retest of 0.8332 low first. However, decisive break of 0.8665 will rise the change of larger […]
29/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 196.72; (P) 197.93; (R1) 198.96; More… Intraday bias in GBP/JPY remains neutral for consolidations above 195.84 temporary low. Further decline is expected as long as 202.08 support turned resistance holds. On the downside, sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is under […]