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USD/CAD stayed in consolidation below 1.3958 last week and outlook is unchanged. Initial bias stays neutral this week and further rally is expected. Decisive break of 1.3976 key resistance will confirm larger up trend resumption. On the downside break of 1.3822 support will bring deeper pullback. But downside should be contained by 55 D EMA […]

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EUR/USD Weekly Outlook

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16/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8525; (P) 0.8539; (R1) 0.8551; More… Outlook in EUR/GBP remains unchanged as range trading continues. Intraday bias stays neutral at this point. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting […]
02/02/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6527; (P) 0.6553; (R1) 0.6598; More… AUD/USD recovered quickly after breaching 0.6524 support and intraday bias stays neutral. On the downside, decisive break of 0.6524 argue that whole rebound from 0.6269 has completed, and bring deeper fall to this support. However, considering bullish convergence condition in 4H MACD, firm break of 0.6623 […]
03/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 178.40; (P) 179.52; (R1) 180.31; More… Range trading continues in GBP/JPY and intraday bias remains neutral. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive break of 184.15 […]