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Daily Pivots: (S1) 1.3716; (P) 1.3746; (R1) 1.3786; More… Intraday bias in USD/CAD stays on the upside and outlook is unchanged. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589. Further rise should be seen to 1.3790 resistance first. Firm break there […]

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USD/JPY Mid-Day Outlook

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08/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0894; (P) 1.0922; (R1) 1.0975; More… EUR/USD’s rally continues in early US session and intraday bias stays on the upside. Current rise from 1.0694 should target a retest on 1.1138 resistance next. On the downside, below 1.0867 minor support will turn intraday bias neutral and bring consolidations first. In the bigger picture, […]
16/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 189.77; (P) 190.89; (R1) 193.02; More… Intraday bias in GBP/JPY remains on the upside at this point. Fall from 208.09 should have completed at 180.00 already. Rebound from there is seen as the second leg of the corrective pattern from 208.09. Further rally should be seen to 61.8% retracement of 208.09 to […]
29/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8812; (P) 0.8828; (R1) 0.8853; More… Intraday bias in USD/CHF remains neutral for consolidations above 0.8776 temporary low. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break […]