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Daily Pivots: (S1) 1.0816; (P) 1.0840; (R1) 1.0856; More… Intraday bias in EUR/USD remains neutral at this point. More consolidations could be seen above 1.0801. But risk will stay on the downside as long as 55 4H EMA (now at 1.0857) holds. Below 1.0801 will resume the fall from 1.0980 to retest 1.0694 first. Break […]

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02/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 163.45; (P) 166.06; (R1) 168.06; More… EUR/JPY’s fall from 171.58 resumed and dipped to 164.04 but quickly recovered. Further fall is now in favor as long as 168.64 resistance holds, as a correction to rise from 153.15. Sustained break of 55 D EMA (now at 163.94) will target 61.8% retracement of 153.15 […]
08/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3445; (P) 1.3472; (R1) 1.3488; More… Intraday bias in USD/CAD remains neutral for the moment as sideway trading continues. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 has completed, and target this resistance. Nevertheless, firm break of […]
16/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. Intraday bias in USD/CHF is turned neutral again first with current recovery. But further decline is expected as long as 0.9101 resistance holds. Break of 0.8987 will resume the whole fall from 0.9223 and target 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. However, break […]