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EUR/USD’s rally continued last week and the strong break of 1.1138 resistance argues that larger up trend may be resuming. Initial bias is on the upside this week for t 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232, and then 1.1274 high. On the downside, below 1.1097 minor support will turn intraday bias […]

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USD/CAD Weekly Outlook

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26/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3798; (P) 1.3824; (R1) 1.3850; More… A temporary top should be in place at 1.3848 with current retreat. Intraday bias in USD/CAD is turned neutral for consolidations. Downside of retreat should be contained by 55 4H EMA (now at 1.3745) to bring another rally. On the upside, decisive break of 1.3845 high […]
27/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0815; (P) 1.0836; (R1) 1.0868; More… Intraday bias in EUR/USD stays neutral and further rise is mildly in favor. Break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance turned support. In the bigger picture, […]
18/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8570; (P) 0.8593; (R1) 0.8615; More…. EUR/GBP is extending consolidation from 0.8548 and intraday bias remains neutral at this point. Further decline is expected as long as 0.8648 support turned resistance holds. On the downside, break of 0.8548 will resume the decline from 0.8764 to retest 0.8419 low next. However, sustained break […]