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Daily Pivots: (S1) 1.0469; (P) 1.0501; (R1) 1.0524; More… Intraday bias in EUR/USD remains neutral as range trading continues. Corrective pattern from 1.0330 might extend further. But outlook will stay bearish as long as 55 D EMA (now at 1.0668) holds. On the downside, below 1.0452 will bring retest of 1.0330 low. In the bigger […]

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USD/JPY Daily Outlook

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21/09/2024

USD/JPY Weekly Outlook

USD/JPY’s rebound last week suggests short term bottoming at 139.57. just ahead of 139.26 key fibonacci level. Initial bias remains mildly on the upside this week. Further rise would be seen to 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 141.73 minor support will turn bias to the downside for retesting […]
18/06/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0701; (P) 1.0719; (R1) 1.0753; More…. Intraday bias in EUR/USD is turned neutral with current retreat. Further fall is expected as long as 55 4H EMA (now at 1.0770) holds. Fall from 1.0915 is seen as another leg in the larger corrective pattern. Below 1.0677 will target 1.0601 low first. Firm break […]
10/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3544; (P) 1.3561; (R1) 1.3575; More… USD/CAD is extending consolidation form 1.3439 and intraday bias remains neutral. While stronger recovery cannot be ruled out, further decline will remain in favor as long as 1.3617 resistance holds. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 […]