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Daily Pivots: (S1) 1.3651; (P) 1.3699; (R1) 1.3723; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.3782 resistance will argue that correction from 1.3845 has completed with three waves down to 1.3608. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. […]

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21/01/2024

AUD/USD Weekly Report

AUD/USD’s fall from 0.6870 resumed and accelerated to as low as 0.6524 last week, then recovered. Initial bias remains neutral at this week for consolidations. But further decline is expected as long as 0.6639 support turned resistance holds. Firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper […]
05/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3631; (P) 1.3665; (R1) 1.3709; More…. Range trading continues in USD/CAD and intraday bias remains neutral for the moment. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, […]
12/01/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0936; (P) 1.0967; (R1) 1.1005; More… Range trading continues in EUR/USD and intraday bias remains neutral. On the downside break of 1.0876 will resume the fall from 1.1138 short term top to 1.0722 support next. However, break of 1.0997 will turn bias back to the upside for retesting 1.1138 high instead. In […]