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EUR/JPY’s fall from 166.67 extended last week and the late selloff suggested that a short term top was already formed. Initial bias is back on the downside this week. Sustained trading below 55 D EMA (now at 163.31) will argue that whole corrective rise from 154.40 has completed with three waves up to 166.67. Deeper […]

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26/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8587; (P) 0.8648; (R1) 0.8690; More…. Intraday bias in USD/CHF is staying mildly on the downside. Fall from 0.8727 could extend to 0.8487 support. Break there will argue that rebound from 0.8332 has completed at 0.8727, after rejection by 55 D EMA (now at 0.8686). Deeper fall would be seen to retest […]
19/10/2024

EUR/GBP Weekly Outlook

EUR/GBP’s down trend resumed by breaking through 0.8309 last week. Initial bias remains on the downside this week for 0.8201 key support next. Strong support could be seen from there to break rebound. But for now, break of 0.8433 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay bearish in case of […]
23/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3646; (P) 1.3672; (R1) 1.3720; More… Immediate focus is now on 1.3589 resistance in USD/CAD. firm break there will argue that corrective fall from 1.3845 has completed at 1.3589 already. Further rise should be seen to 1.3761 resistance first. Break there will bring retest of 1.3845 high. On the downside, however, sustained […]