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Daily Pivots: (S1) 1.3616; (P) 1.3630; (R1) 1.3649; More… Break of 1.3652 resistance suggests that a short term bottom was formed at 1.3588, after hitting 1.3589 support. Intraday bias is back on the upside for 13790 resistance. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 to 100% projection of […]

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USD/CAD Weekly Outlook

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25/03/2024

EUR/AUD Weekly Outlook

EUR/AUD stayed in consolidation in range of 1.6439/6742 last week and outlook is unchanged. Initial bias remains neutral this week first. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 […]
23/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1085; (P) 1.1125; (R1) 1.1152; More…. Intraday bias in EUR/USD remains neutral as consolidation continues below 1.1173 temporary top. Further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8% projection of 1.0665 to 1.0947 from 1.0776 at 1.1232. However, break of 1.1046 will indicate short […]
29/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1087; (P) 1.1138; (R1) 1.1170; More…. EUR/USD’s retreat from 1.1200 extends lower today, but stays well above 1.1007 resistance turned support. Intraday bias remains neutral and larger rally is still expected to continue. On the upside, break of 1.1200 will resume recent rally to 161.8% projection of 1.0665 to 1.0947 from 1.0776 […]