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Daily Pivots: (S1) 0.8532; (P) 0.8540; (R1) 0.8548; More… Range trading continues in EUR/GBP and intraday bias remains neutral at this point. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.8591 resistance holds. On the downside, break of 0.8512 will resume the decline from 0.8713 to 0.8491, and then […]

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09/12/2023

USD/CAD Weekly Outlook

USD/CAD edged lower to 1.3479 last week but recovered since then. Yet, upside is capped below 1.3625 resistance. Initial bias stays neutral this week first. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 […]
22/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3477; (P) 1.3510; (R1) 1.3563; More… Intraday bias in USD/CAD remains neutral as range trading continues inside 1.3419/3612. On the upside, break of 1.3612 will confirm resumption of the rebound from 1.3176. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will […]
25/01/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0812; (P) 1.0864; (R1) 1.0906; More… Intraday bias in EUR/USD is turned neutral with current recovery. On the upside, firm break of 1.0915 minor resistance will indicate short term bottom at 1.0821, on bullish convergence condition in 4H MACD. Intraday bias will be back on the upside for stronger rebound towards 1.1138 […]