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Daily Pivots: (S1) 1.3497; (P) 1.3518; (R1) 1.3545; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. While recovery from 1.3418 might extend higher, outlook will stay bearish as long as 1.3646 resistance holds. On the downside, break of 1.3418 will resume the fall from 1.3946 to 61.8% projection of 1.3946 to 1.3439 […]

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02/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0692; (P) 1.0708; (R1) 1.0731; More…. EUR/USD edged higher to 1.0775 earlier today but failed to break through 55 D EMA (now at 1.0773) and retreated. Intraday bias stays neutral first. On the upside, firm break of 55 D EMA will argue that pull back from 1.0915 has completed. Further rise should […]
21/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0497; (P) 1.0554; (R1) 1.0600; More… Intraday bias in EUR/USD remains neutral as consolidation from 1.0495 is extending. Outlook stays bearish with 1.0760 support turned resistance intact. On the downside, firm break of 1.0495 will resume the fall from 1.1213 to 1.0447 support and then 1.0404 key fibonacci level next. In the […]
01/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3532; (P) 1.3579; (R1) 1.3606; More… USD/CAD’s fall from 1.3897 resumed after brief recovery. Intraday bias is back on the downside. Further fall should be seen to 1.3378 support next. On the upsi8de, though, above 1.3625 minor resistance will turn intraday bias neutral again first. In the bigger picture, corrective pattern from […]