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Daily Pivots: (S1) 1.3614; (P) 1.3650; (R1) 1.3670; More… Intraday bias in USD/CAD remains on the downside as fall from 1.3946 is extending towards 1.3588 structural support. Strong support could be seen from there to bring reversal. However, for now, risk will stay on the downside as long as 1.3737 resistance holds, in case of […]

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04/05/2024

EUR/JPY Weekly Outlook

EUR/JPY reversed after initial rise to 171.58 last week and fell sharply. Initial bias remains on the downside this week. Sustained break of 55 D EMA (now at 163.94) will extend the fall from 171.58 to 61.8% retracement of 153.15 to 171.58 at 160.19. On the upside, above 167.37 will turn bias neutral. In the […]
21/07/2024

EUR/GBP Weekly Outlook

EUR/GBP recovered after edging lower to 0.8382 last week. With break of 55 4H EMA (now at 0.8421), initial bias is mildly on the upside for stronger rebound to 55 D EMA (now at 0.8477). Nevertheless, outlook will stay bearish as long as 0.8498 resistance holds, and larger down trend should resume through 0.8382 at […]
10/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.12; (P) 155.54; (R1) 155.91; More… Intraday bias in USD/JPY remains mildly on the upside for the moment. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn intraday […]