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Daily Pivots: (S1) 1.3547; (P) 1.3585; (R1) 1.3610; More… USD/CAD’s decline extends today and the break of 38.2% retracement of 1.3091 to 1.3897 at 1.3589 indicates deeper correction is underway. Intraday bias remains on the downside. Next target is 161.8% projection of 1.3897 to 1.3627 from 1.3853 at 1.3416. On the upside, above 1.3627 support […]

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03/08/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 175.41 continued last week accelerated further. This decline is now seen as a larger scale correction. Initial bias remains on the downside for 155.91 fibonacci level next. On the upside, above 163.41 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, break […]
12/07/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0829; (P) 1.0864; (R1) 1.0904; More…. Intraday bias in EUR/USD remains on the upside for retesting 1.0915 resistance. Decisive break there will resume whole rally from 1.0601 and target 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0919 next. For now, risk will stay on the upside as long as 1.0805 […]
13/08/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.00; (P) 160.98; (R1) 161.92; More… Intraday bias in EUR/JPY remains neutral and outlook stays bearish with 38.2% retracement of 175.41 to 154.40 at 162.42 intact. On the downside, below 157.71 minor support will bring retest of 154.40 first. Break there will resume the fall from 175.41 to 153.15 support next. However, […]