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USD/CAD’s fall from 1.3946 short term top extended lower last week, and with the late break of 1.3688 temporary low, initial bias is back on the downside, Deeper decline should be seen to 1.3588 support. On the upside, above 1.3737 minor resistance will turn intraday bias back to the upside for stronger recovery. In the […]

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02/07/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8971; (P) 0.8990; (R1) 0.9007; More… Intraday bias in USD/CHF remains on the upside at this point, for channel resistance (now at 0.9034). Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Firm break of channel resistance will target 0.9157 resistance next. On the downside, below 0.8956 minor […]
28/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3184; (P) 1.3202; (R1) 1.3226; More… Intraday bias in USD/CAD remains on the downside at this point. Current fall from 1.3897 should target 1.3091 support and possibly below. On the upside, above 1.3284 minor resistance will turn intraday bias neutral and bring consolidations. But another decline will remain in favor as long […]
07/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 192.11; (P) 192.89; (R1) 194.11; More.. Intraday bias in GBP/JPY remains neutral at this point. On the upside, sustained break of 55 4H EMA (now at 193.86) will bring stronger rebound back toward 197.40 resistance. On the downside, below 191.34 will resume the correction from 200.53. Sustained trading below 55 D EMA […]