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Daily Pivots: (S1) 1.0448; (P) 1.0511; (R1) 1.0560; More… Range trading continues in EUR/USD and intraday bias remains neutral. Outlook stays bearish with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. Nevertheless, firm break of […]

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25/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3546; (P) 1.3580; (R1) 1.3640; More… Focus stays on 1.612 resistance in USD/CAD. Decisive break there will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will be turned bearish for 1.3357 support first. […]
11/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 164.02; (P) 164.51; (R1) 165.01; More… Intraday bias in EUR/JPY remains neutral at this point. Consolidation from 165.33 is possibly extending with another falling leg, and deeper decline could be seen. But outlook stays bullish as long as 162.59 support holds. On the upside, firm break of 165.33 will resume larger up […]
20/12/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.31; (P) 156.56; (R1) 158.68; More… Intraday bias in USD/JPY remains on the upside for now despite current mild retreat. Current rally is part of the whole rise from 139.57, and should target 61.8% projection of 139.57 to 156.74 from 148.64 at 159.25 next. On the downside, below 156.39 minor support will […]