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Daily Pivots: (S1) 1.0789; (P) 1.0810; (R1) 1.0848; More… Intraday bias in EUR/USD stays neutral for consolidation above 1.0760 temporary low. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will resume the fall from 1.1213 to 1.0601 support next. However, considering bullish convergence condition in 4H MACD, break of 1.0871 will […]

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21/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3603; (P) 1.3622; (R1) 1.3639; More… Intraday bias in USD/CAD stays on the downside for 1.3588 structural support. Strong support could be seen from there to bring reversal. On the upside, above 1.3686 minor resistance will turn intraday bias back to the upside for stronger rebound. However, decisive break of 1.3588 will […]
05/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.38; (P) 144.11; (R1) 145.37; More… Intraday bias in USD/JPY remains on the upside at this point. Rise from 140.25 is in progress for 61.8% retracement of 151.89 to 140.25 at 147.44, even as a corrective move. On the downside, below 144.45 minor support will turn intraday bias neutral first. But risk […]
23/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.74; (P) 148.28; (R1) 148.71; More… USD/JPY is extending the consolidation from 148.79 temporary top and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 145.97 resistance turned support holds. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 […]