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USD/CAD edged higher to 1.3605 last week but retreated again. Initial bias remains neutral this week for more consolidations. Further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at 1.3721 next. In the bigger picture, […]

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EUR/USD Daily Outlook

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03/02/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8599; (R1) 0.8628; More…. USD/CHF rebounds notably today but stays in range below 0.8727. Intraday bias remains neutral first. On the upside, firm break of 0.8727 will resume the rebound to 61.8% retracement of 0.9243 to 0.8332 at 0.8995. On the downside, below 0.8550 will resume the fall from 0.8727 […]
13/09/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1028; (P) 1.1052; (R1) 1.1099; More…. EUR/USD rebounded strongly ahead of 38.2% retracement of 1.0665 to 1.1200 at 1.0996 but stays below 1.1153 resistance. Intraday bias remains neutral first. Outlook stays bullish with 1.0996 intact. Break of 1.153 will suggest that larger rally is resuming through 1.1200 to 1.1274 key resistance. Nevertheless, […]
18/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.11; (P) 154.43; (R1) 154.71; More… Intraday bias in USD/JPY is turned neutral with current retreat. Considering bearish divergence condition in 4H MACD, in case of another rise, upside should be limited by 155.20 fibonacci projection level. On the downside, break of 153.89 minor support will turn bias back to the downside […]