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Daily Pivots: (S1) 1.3805; (P) 1.3825; (R1) 1.3835; More… Further rally is expected in USD/CAD with 1.3746 support intact, despite loss of momentum as seen in 4H MACD. Current rise from 1.3418 should target 1.3946/76 key resistance zone. However, break of 1.3746 will indicate short term topping, and turn bias back to the downside for […]

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USD/JPY Mid-Day Outlook

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31/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0814; (P) 1.0842; (R1) 1.0885; More… EUR/USD’s break of 1.0871 resistance confirms short term bottoming at 1.0760, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 55 D EMA (now at 1.0945). Strong resistance should be seen there to limit upside. On the downside, sustained break […]
06/04/2024

USD/JPY Weekly Outlook

USD/JPY dipped to 150.80 last week but quickly recovered. Initial bias remains neutral this week first. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.56). On the upside, however, sustained break of 151.93 key resistance will confirm long term up […]
22/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 153.93; (P) 154.30; (R1) 155.02; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. On the upside, break of 154.77 will resume larger up trend. But considering bearish divergence condition in 4H MACD, strong resistance should be seen from 155.20 fibonacci level to bring correction on first attempt. On the […]