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Daily Pivots: (S1) 1.3389; (P) 1.3473; (R1) 1.3515; More… USD/CAD’s break of 1.3439 support confirms resumption of whole fall from 1.3946. Intraday bias remains on the downside for 61.8% projection of 1.3946 to 1.3439 from 1.3646 at 1.3333. On the upside, above 1.3486 minor resistance will turn intraday bias neutral for consolidations. But outlook will […]

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04/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3610; (P) 1.3648; (R1) 1.3679; More… While USD/CAD declines notably, there is no change in the outlook as consolidation from 1.3845 is in progress, and could extend further. Downside should be contained by 1.3589 cluster support (38.2% retracement of 1.3176 to 1.3845 at 1.3589) to bring rebound. Break of 1.3790 resistance will […]
02/12/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0548; (P) 1.0572; (R1) 1.0603; More… Intraday bias in EUR/USD stays neutral at this, despite today’s dip. Outlook remains bearish with 1.0609 resistance intact. On the downside, break of 1.0330 will resume the fall from 1.1213. Also, sustained trading below 1.0404 key fibonacci level will carry larger bearish implication. Nevertheless, firm break […]
12/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 146.57; (P) 146.87; (R1) 147.25; More… A temporary low is formed at 146.47 with today’s recovery and intraday bias in USD/JPY is turned neutral first. On the downside, sustained break of 38.2% retracement of 140.25 to 150.87 at 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. […]