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Daily Pivots: (S1) 1.6195; (P) 1.6240; (R1) 1.6291; More… EUR/AUD’s rebound from 1.5996 lost momentum after hitting 1.6282. Intraday bias is turned neutral first. Further rise is in favor as long as 1.6171 minor support holds. Correction from 1.7062 might have completed with three waves down to 1.5996, after hitting 1.6000 fibonacci support. Above 1.6282 […]

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USD/CAD Daily Outlook

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USD/JPY Mid-Day Outlook

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22/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.57; (P) 142.60; (R1) 143.14; More… USD/JPY is still bounded in consolidation from 140.94 and intraday bias stays neutral. Also, outlook will remain bearish as long as 146.58 resistance holds. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci level at 136.63. In the […]
24/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3676; (P) 1.3710; (R1) 1.3763; More… USD/CAD’s rebound from 1.3589 extended higher today. The development indicates that correction from 1.3845 has completed with three waves down to 1.3589. Intraday bias is back on the upside for 1.3761 resistance first. Break there will bring retest of 1.3845 high. On the downside, below 1.3655 […]
22/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9500; (P) 0.9518; (R1) 0.9534; More… Intraday bias in EUR/CHF is turned with current retreat. Another rise could still be seen, by considering bearish divergence condition in 4H MACD, upside would be limited by 0.9574 fibonacci level. On the downside, break of 0.9466 support will indicate short term topping, and turn bias […]