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Daily Pivots: (S1) 1.3538; (P) 1.3565; (R1) 1.3602; More… Intraday bias in USD/CAD remains mildly on the upside for the moment. Rebound from 1.3148 is in progress for 38.2% retracement of 1.3946 to 1.3418 at 1.3505. Decisive break there will target 61.8% retracement at 1.3559 next. On the downside, however, break of 1.3516 minor support […]

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03/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3648; (P) 1.3697; (R1) 1.3724; More… Intraday bias in USD/CAD stays neutral at this point. On the upside above 1.3782 will target 1.3845 resistance first. Firm break there will resume larger rise from 1.3176 towards 1.3976 key resistance next. On the downside, break of 1.3631 will extend the fall from 1.3845. Sustained […]
01/11/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.75; (P) 196.83; (R1) 198.22; More… Intraday bias in GBP/JPY remains neutral for the moment. While pullback from 199.79 might extend lower, further rally would remain in favor as long as 55 D EMA (now at 194.22) holds. Above 199.79 will resume the rebound from 180.00 to retest 208.09 high. However, sustained […]
13/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6360; (P) 1.6417; (R1) 1.6511; More… Intraday bias in EUR/AUD remains neutral as consolidation from 1.6267 is extending. Outlook will stay bearish as long as 1.6515 resistance holds. On the downside, break of 1.6267 will resume the whole decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 […]