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USD/CAD’s correction from 1.3845 extended to 1.3608 last week, but recovered after drawing support from 55 D EMA (now at 1.3616). Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3782 resistance, will retain near term bullishness. Further break of 1.3845 will resume larger rise from 1.3176 towards […]

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EUR/USD Weekly Outlook

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15/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0704; (P) 1.0719; (R1) 1.0744; More… Intraday bias in EUR/USD is turned neutral with current recovery, and some consolidations could be seen first. Outlook will remain bearish as long as 1.0804 resistance holds. Below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H […]
03/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8544; (P) 0.8559; (R1) 0.8578; More… No change in EUR/GBP’s outlook and intraday bias stays neutral. On the downside, firm break of 0.8529 support will argue that the corrective recovery from 0.8497 has completed at 0.8601. Intraday bias will be back on the downside for retesting 0.8497 low next. On the upside, […]
31/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8414; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP stays neutral as consolidation from 0.8382 is still in progress. Outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274. […]