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USD/JPY gyrated lower last week even though momentum is a bit unconvincing. Still, the development suggests that rebound from 141.67 has completed at 149.35, after rejection by 38.2% retracement of 161.94 to 141.67 at 149.41. Initial bias is on the downside this week for retesting 141.67 low. Firm break there will resume the whole fall […]

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USD/CAD Weekly Outlook

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10/06/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6348; (P) 1.6384; (R1) 1.6458; More… EUR/AUD retreated sharply after edging higher to 1.6418 ans intraday bias remains neutral. . On the downside, firm break of 1.6211 support will resume the whole decline from 1.6742, as the third leg of the correction from 1.7062. On the upside, sustained break of 55 D […]
09/03/2024

EUR/GBP Weekly Outlook

EUR/GBP stayed in range of 0.8497/8577 last week and outlook is unchanged. Initial bias remains neutral this week first. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound. […]
02/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3470; (P) 1.3490; (R1) 1.3514; More… Intraday bias in USD/CAD remains neutral for consolidations above 1.3439. Further decline is expected as long as 1.3617 resistance holds. Break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 support zone next. In the […]