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USD/CAD rebounded further to 1.3540 last week, but retreated since then. Initial bias remains neutral this week for some consolidations first. Current development suggests that fall from 1.3897 has already completed. Further rally is expected as long as 1.3342 minor support holds. Above 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 […]

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19/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD is back on the upside as rise from 1.0665 is resuming through 1.1046. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance to 161.8% projection at 1.1232. However, considering bearish divergence […]
07/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.81; (P) 165.40; (R1) 166.34; More… Intraday bias in EUR/JPY stays neutral at this point. On the upside, firm break of 55 4H EMA (now at 166.084) will bring stronger rebound towards 168.64 resistance. On the downside, break of 164.01, and sustained trading below 55 D EMA (now at 164.06) will extend […]
08/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.79; (P) 148.02; (R1) 148.42; More… USD/JPY’s rally from 140.25 is in progress and intraday bias remains on the upside. Further rally is expected to retest 151.89/93 key resistance zone. Decisive break there will confirm resumption of larger up trend. On the downside, below 147.62 minor support will turn intraday bias neutral […]