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Daily Pivots: (S1) 1.3546; (P) 1.3572; (R1) 1.3598; More… Intraday bias in USD/CAD is back on the upside with break of 1.3646 resistance. Firm break of channel resistance would prompt upside acceleration, and extend the rally from 1.3176 to 1.3897 resistance next. On the downside, below 1.3554 minor support will turn intraday bias neutral again. […]

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19/02/2024

EUR/GBP Weekly Outlook

EUR/GBP edged lower to 0.8497 last week but recovered just ahead of 0.8491 support. Yet, upside is capped below 0.8571 resistance. Initial bias remains neutral this week first. On the downside, break of 0.8497 will resume recent fall to 0.8464 projection level. However, considering bullish convergence condition in 4H MACD, sustained break of 0.8571 will […]
01/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.01; (P) 163.23; (R1) 163.51; More… EUR/JPY dips further to 162.92 but recovered since then. Intraday bias stays neutral first. On the downside, below 162.92 will resume the decline from 165.33 short term opt, and target 160.20 structural support next. On the upside, however, break of 164.40 minor resistance will bring retest […]
04/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8982; (P) 0.9019; (R1) 0.9051; More… Intraday bias in USD/CHF remains neutral for the moment. Further rise is mildly in favor as long as 0.8956 support holds. Above 0.9049 will affirm the case that corrective fall from 0.9223 has completed at 0.8825. Further rally would then be seen to 0.9157 resistance next. […]