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Daily Pivots: (S1) 1.3614; (P) 1.3644; (R1) 1.3678; More… Intraday bias in USD/CAD remains on the upside as rebound from 1.3418 short term bottom is in progress. Fall from 1.3946 has likely completed already. Further rise should be seen to 61.8% retracement of 1.3946 to 1.3418 at 1.3559 next. Decisive break there will target 1.3946 […]

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28/09/2024

AUD/USD Weekly Report

AUD/USD’s rally contained last week and hit as high as 0.6936. Initial bias is on the upside this week. Firm break of 0.6941 will pave the way to 100% projection of 0.6348 to 0.6823 from 0.6621 at 0.7096. On the downside, below 0.6817 support will turn intraday bias neutral first. In the bigger picture, overall, […]
02/12/2023

USD/CAD Weekly Outlook

USD/CAD’s decline from 1.3897 extend to as low as 1.3486 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 1.3378 support next, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399. Strong support could be seen there to bring rebound. Meanwhile, on […]
03/08/2024

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 175.41 continued last week accelerated further. This decline is now seen as a larger scale correction. Initial bias remains on the downside for 155.91 fibonacci level next. On the upside, above 163.41 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In the bigger picture, break […]