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Daily Pivots: (S1) 1.3349; (P) 1.3396; (R1) 1.3441; More… While USD/CAD continues to lose upside momentum, as seen in 4H MACD, further rally is in favor to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. On the downside, however, break of 1.3339 minor […]

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28/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.08; (P) 170.29; (R1) 170.61; More… EUR/JPY’s rally from 164.01 is still in progress and intraday bias stays on the upside. Break of 61.8% projection of 164.01 to 169.38 from 167.31 at 170.62 will target 171.58 high. Strong resistance could be seen there to limit upside. On the downside, below 169.45 minor […]
13/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0915; (P) 1.0927; (R1) 1.0944; More….. No change in EUR/USD’s outlook as range trading continues. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, above 1.0944 minor resistance will bring retest of 1.1007 first. Further break there will resume rally from 1.0665 to […]
13/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.48; (P) 167.72; (R1) 168.03; More… Further rise is mildly in favor in EUR/JPY despite loss of momentum as seen in 4H MACD. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58, and would target 168.64 resistance. On the downside, break of 166.73 minor support will […]