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Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD is back on the upside as rise from 1.0665 is resuming through 1.1046. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% projection at 1.1232. However, considering bearish divergence […]

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EUR/USD Weekly Outlook

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27/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3628; (P) 1.3684; (R1) 1.3721; More… Intraday bias in USD/CAD remains neutral this week first. On the upside, break of 1.3742 will affirm the case that correction from 1.3845 has completed at 1.3589. Further rally would then be seen to retest 1.3845 high. However, sustained trading below 55 D EMA (now at […]
06/04/2024

EUR/JPY Weekly Outlook

EUR/JPY rebounded after initial dip to 162.59 but failed to break through 165.33 resistance. Initial bias remains neutral this week first and more range trading could be seen. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. On the downside, though, break of 162.59 will turn bias […]
18/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8443; (P) 0.8460; (R1) 0.8490; More… Intraday bias in USD/CHF stays neutral as range trading continues. With 0.8548 resistance intact, further decline is still expected. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering […]