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USD/CAD rebounded strong last week but reversed after hitting 1.3742. Initial bias is turned neutral this week first. Break 1.3742 will affirm the case that correction from 1.3845 has completed at 1.3589. Further rally would then be seen to retest 1.3845 high. However, sustained trading below 55 D EMA (now at 1.3635) will argue that […]

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13/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 155.38; (P) 155.65; (R1) 156.02; More… USD/JPY continues to lose upside momentum as seen in 4H MACD, but further rise is still mildly in favor. Rebound from 151.86, as the second leg of the corrective pattern from 160.20, could extend towards 157.98 resistance. On the downside, break of 154.23 will suggest that […]
02/02/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8549; (P) 0.8599; (R1) 0.8628; More…. Outlook in USD/CHF remains unchanged and intraday bias stays neutral for the moment. On the downside, below 0.8550 will resume the fall from 0.8727 for 0.8487 support. Break there will argue that rebound from 0.8332 has completed, and bring retest of this low. On the upside, […]
15/04/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8533; (P) 0.8542; (R1) 0.8557; More… Intraday bias in EUR/GBP remains neutral for the moment. 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, break […]