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Daily Pivots: (S1) 1.3798; (P) 1.3824; (R1) 1.3850; More… A temporary top should be in place at 1.3848 with current retreat. Intraday bias in USD/CAD is turned neutral for consolidations. Downside of retreat should be contained by 55 4H EMA (now at 1.3745) to bring another rally. On the upside, decisive break of 1.3845 high […]

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EUR/USD Mid-Day Outlook

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03/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6132; (P) 1.6181; (R1) 1.6234; More.. Further decline could be seen in EUR/AUD with 1.6313 minor resistance holds. But considering bullish convergence condition in 4H MACD, stronger support could be seen from 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 to bring rebound. On the upside, firm break of 1.6313 […]
01/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8409; (P) 0.8429; (R1) 0.8441; More…. Intraday bias in EUR/GBP remains neutral for the moment. Consolidation from 0.8382 might extend with stronger recovery. But outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 […]
03/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 141.13; (P) 141.67; (R1) 142.54; More… USD/JPY’s break of 142.84 minor resistance indicates short term bottoming at 140.25, on bullish divergence condition in 4H MACD. Intraday bias is back on the upside for stronger rebound to 38.2% retracement of 151.89 to 140.25 at 144.69. On the downside, below 141.85 minor support will […]