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Daily Pivots: (S1) 1.3452; (P) 1.3470; (R1) 1.3499; More… A temporary low is in place at 1.3439 with current recovery and intraday bias in USD/CAD is turned neutral first. Upside of recovery should be limited below 1.3617 resistance to bring another fall. On the downside, below 1.3439 will resume the decline from 1.3946 and target […]

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EUR/JPY Daily Outlook

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19/02/2024

EUR/AUD Weekly Outlook

Sideway trading continued in EUR/AUD last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for confirmation. Nevertheless, below […]
11/01/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8598; (P) 0.8609; (R1) 0.8623; More… Intraday bias in EUR/GBP remains neutral for the moment. Further decline is in favor with 0.8638 minor resistance intact. On the downside, break of 0.8585 will resume the fall from 0.8713 to 0.8548 support first. Break there will target 0.8491 low next. However, break of 0.8638 […]
30/01/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.12; (P) 160.52; (R1) 161.22; More… Intraday bias in EUR/JPY remains neutral as consolidation from 161.84 is extending. While another dip cannot be ruled out, further rally is expected as long as 158.55 resistance turned support holds. Break of 161.84 will resume the rebound from 153.15 to retest 164.29 high. In the […]