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Daily Pivots: (S1) 160.74; (P) 162.27; (R1) 164.69; More… Intraday bias in EUR/JPY stays on the upside as rise from 156.16 is in progress. Corrective pattern from 154.40 is extending with another up-leg. Further rise should be seen to 166.67 resistance and possibly above. For now, risk will stay on the upside as long as […]

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07/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3562; (P) 1.3581; (R1) 1.3613; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. 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 at 1.3399, to bring rebound. On […]
14/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.79; (P) 161.29; (R1) 161.94; More… Intraday bias in EUR/JPY stays neutral at this point. Outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there will resume the fall from 175.41 to 153.15 support […]
31/08/2024

EUR/AUD Weekly Outlook

EUR/AUD’s decline from 1.7180 extended to as low as 1.6256 last week but recovered since then. Initial bias is turned neutral this week for some consolidations. Further decline would remain in favor as long as 1.6580 resistance holds. Below 1.6256 will target 1.5996 key support level next. In the bigger picture, outlook is mixed up […]