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Daily Pivots: (S1) 151.39; (P) 152.49; (R1) 153.14; More… USD/JPY is still extending the consolidation pattern from 153.87 and intraday bias remains neutral. Deeper retreat cannot be ruled out but further rally is expected as long as 55 D EMA (now at 148.95) holds. Sustained trading above 61.8% retracement of 161.94 to 139.57 at 153.39 […]

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EUR/USD Mid-Day Outlook

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22/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3477; (P) 1.3510; (R1) 1.3563; More… Intraday bias in USD/CAD remains neutral as range trading continues inside 1.3419/3612. On the upside, break of 1.3612 will confirm resumption of the rebound from 1.3176. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will […]
05/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6586; (P) 0.6639; (R1) 0.6672; More… AUD/USD dips notably today but stays above 0.6570 support so far. Intraday bias remains neutral first. On the upside, sustained break of channel resistance (now at 0.6651) will argue that whole decline from 0.7156 has completed with three waves down to 0.6269. Further rally should then […]
14/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 161.13; (P) 161.54; (R1) 162.18; More… Intraday bias in EUR/JPY remains neutral and outlook is unchanged. On the downside, below 160.20 will resume the fall from 163.70 to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise from 153.13, and […]