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Daily Pivots: (S1) 164.23; (P) 164.79; (R1) 165.22; More… Intraday bias in EUR/JPY is turned neutral first with current retreat. Some consolidations could be seen but downside should be contained by 55 4H EMA (now at 163.19) to bring another rally. On the upside, break of 165.33 will resume larger up trend to 61.8% projection […]

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EUR/USD Weekly Outlook

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05/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3481; (P) 1.3523; (R1) 1.3546; More… Intraday bias in USD/CAD remains neutral as consolidation continues above 1.3439. Further decline is expected with 1.3617 resistance intact. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 support zone next. […]
19/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8533; (P) 0.8548; (R1) 0.8556; More… No change in EUR/GBP’s outlook as range trading continues. Intraday bias remains neutral. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. However, firm break of 0.8577 will turn bias back to the upside […]
03/03/2024

USD/CAD Weekly Outlook

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, […]