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EUR/CHF’s late breach of 0.9269 support last week argues that rebound from 0.9204 has completed already, after repeated rejection by falling 55 4H EMA. Initial bias is cautiously on the downside this week. Deeper fall would be seen to retest 0.9204 low. Firm break of 0.9204/9 will indicate larger down trend resumption. Nevertheless, break of […]

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08/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3538; (P) 1.3593; (R1) 1.3645; More… Intraday bias in USD/CAD remains on the upside for channel resistance at 1.3670 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish as long as 1.3477 support holds, in case of retreat. In the bigger […]
18/10/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 194.34; (P) 194.97; (R1) 196.11; More… Intraday bias in GBP/JPY stays neutral for the moment. On the upside, break of 195.95 will resume whole rise from 180.00 to 61.8% retracement of 208.09 to 180.00 at 197.35 next. Sustained break there will target 208.09 high. On the downside, below 192.87 minor support will […]
20/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3695; (P) 1.3710; (R1) 1.3723; More… USD/CAD is still bounded in sideway trading and intraday bias stays neutral at this point. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of […]