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Daily Pivots: (S1) 1.3439; (P) 1.3466; (R1) 1.3511; More… A temporary low is formed at 1.3418 with current recovery, and intraday bias in USD/CAD is turned neutral first. Some consolidations would be seen first, but outlook will stay bearish as long as 1.3646 resistance holds. Below 1.3418 will resume the decline from 1.3946 to 61.8% […]

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03/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9050; (P) 0.9071; (R1) 0.9100; More…. Intraday bias in USD/CHF stays on the upside at this point. Current rally is in progress for 0.9243 key resistance next. On the downside, break of 0.9005 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. In the […]
19/09/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1080; (P) 1.1135; (R1) 1.1172; More…. Intraday bias in EUR/USD stays mildly on the upside at this point. Decisive break of 1.1200 will resume larger rally from 1.0665 to 1.1274 high next. On the downside, however, break of 1.1072 will turn bias back to the downside for 1.1001 support instead. In the […]
04/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.53; (P) 156.50; (R1) 157.06; More…. USD/JPY’s break of 156.36 minor support argues that rebound from 151.86 has possibly completed with three waves up to 157.70. Corrective pattern from 160.20 might have started the third leg already. Intraday bias is back on the downside for 153.59 support first. Firm break there will […]