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Daily Pivots: (S1) 1.0404; (P) 1.0424; (R1) 1.0443; More… Sideway trading continues in EUR/USD and intraday bias remains neutral for the moment. Stronger recovery cannot be ruled out, but outlook will remain bearish as long as 1.0629 resistance holds. Firm break of 1.0330 will confirm resumption of whole decline from 1.1213. Sustained trading below 1.0404 […]

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EUR/USD Mid-Day Outlook

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08/12/2024

USD/CAD Weekly Outlook

While USD/CAD extended the consolidations from 1.4177 last week, the late surge argues that larger up trend might be ready to resume. Immediate focus is now on 1.4177 resistance this week. Decisive break there will confirm this bullish case and target 1.4391 projection level next. Rejection by 1.4177 will delay the bullish case and bring […]
25/03/2024

EUR/JPY Weekly Outlook

EUR/JPY’s up trend resumed last week and surged to 165.33. But as a temporary top was formed with subsequent retreat, initial bias stays neutral this week for more consolidations. Downside should be contained by 55 4H EMA (now at 163.23) to bring rebound. On the upside, break of 165.33 will resume larger up trend to […]
04/01/2025

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2309; (P) 1.2425; (R1) 1.2497; More… GBP/USD’s fall is still in progress and intraday bias remains neutral. Decline from 1.3433 should target 1.2256/98 cluster support zone. Strong support is expected there to contain downside to bring rebound, at least on first attempt. On the upside, break of 1.2474 support turned resistance will […]