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Daily Pivots: (S1) 1.3699; (P) 1.3728; (R1) 1.3747; More… No change in USD/CAD’s outlook as range trading continues. Intraday bias remains neutral for the moment. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break […]

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EUR/USD Daily Outlook

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05/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9738; (P) 0.9794; (R1) 0.9825; More… EUR/CHF retreated notably after edging higher to 0.9847 and intraday bias is turned neutral. On the upside, above 0.9847 will resume the rally from 0.9252 to 38.2% projection of 0.9304 to 0.9818 from 0.9709 at 0.9905. However, considering bearish divergence condition in 4H MACD, break of […]
26/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3465; (P) 1.3542; (R1) 1.3586; More… Intraday bias in USD/CAD remains on the downside for the moment. Fall from 1.3946 is in progress for 1.3477 support. Firm break there will target 1.3091/3176 support zone. On the upside, above 1.3617 resistance will turn intraday bias neutral first. In the bigger picture, current development […]
27/12/2023

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.56; (P) 180.93; (R1) 181.54; More… Range trading continues in GBP/JPY and intraday bias remains neutral for the moment. Further decline is expected as long as 184.15 resistance holds. On the downside, break of will resume the decline from 188.63 and target 38.2% retracement of 148.93 to 188.63 at 173.46. However, decisive […]