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Daily Pivots: (S1) 1.3628; (P) 1.3684; (R1) 1.3721; More… Intraday bias in USD/CAD remains neutral this week first. On the upside, break of 1.3742 will affirm the case that correction from 1.3845 has completed at 1.3589. Further rally would then be seen to retest 1.3845 high. However, sustained trading below 55 D EMA (now at […]

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28/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3552; (P) 1.3580; (R1) 1.3595; More… Outlook in USD/CAD is unchanged and intraday bias remains neutral. On the upside, decisive break of 1.3612 resistance 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 […]
20/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8644; (P) 0.8670; (R1) 0.8707; More…. No change in USD/CHF’s outlook as focus remains on 0.8665 support turned resistance. Decisive break there will turn near term outlook bullish for 61.8% retracement of 0.9243 to 0.8332 at 0.8995. Nevertheless, break of 0.8565 minor support will turn intraday bias back to the downside for […]
19/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… Intraday bias in USD/CAD is turned neutral with current recovery, and some consolidations would be seen. Risk will stay on the downside as long as 1.3479 support turned resistance holds. Rise from 1.3091 could have completed at 1.3897 already. Sustained trading below 1.3378 support will bring […]