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EUR/USD’s fall from 1.1138 resumed to 1.0843 last week, then recovered. Initial bias stays neutral this week for some consolidations. But further decline is expected as long as 1.0995 resistance holds. Below 1.0843 will target 1.0722 support next. Decisive break there will argue that whole rise from 1.0447 has completed, and target this low. In […]

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01/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6632; (P) 0.6658; (R1) 0.6697; More… Intraday bias in AUD/USD remains neutral as consolidation from 0.6713 is still extending. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 […]
19/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3678; (P) 1.3698; (R1) 1.3727; More… USD/CAD’s rebound from 1.3588 resumed by breaking 1.3707 temporary top and intraday bias back on the upside. Outlook is unchanged that corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589 twice. Further rise […]
21/07/2024

USD/JPY Weekly Outlook

USD/JPY’s correction from 161.94 extended to 155.36 last week but recovered since then. Initial bias remains neutral this week and further fall is expected with 158.85 resistance intact. Below 155.36 will target 38.2% retracement of 140.25 to 161.94 at 153.65. On the upside, above 158.85 resistance will turn bias back to the upside for stronger […]