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Daily Pivots: (S1) 1.3196; (P) 1.3216; (R1) 1.3249; More… Intraday bias in USD/CAD is turned neutral first with current recovery. On the downside, break of 1.3176 will resume the fall from 1.3897 to 1.3091 support and possibly below. Nevertheless, considering bullish convergence condition in 4H MACD, break of 1.3284 will indicate short term bottoming, and […]

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09/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8593; (P) 0.8634; (R1) 0.8707; More… While USD/CHF’s recovery from 0.8431 extends but upside is limited below 0.8711 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, below 0.8559 minor support will bring retest of 0.8431 first. Break there will resume the fall from 0.9223 to retest […]
07/03/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.98; (P) 149.53; (R1) 149.97; More… USD/JPY’s decline accelerates to as low as 147.58 so far. Intraday bias stays on the downside for 38.2% retracement of 140.25 to 150.87 at 146.81. Sustained break of 146.81 will argue that fall from 150.87 is reversing the whole rally from 140.25. In this case, deeper […]
20/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.41; (P) 143.68; (R1) 145.12; More… Intraday bias in USD/JPY stays neutral and outlook is unchanged. Upside of current recovery should be limited below 156.48 resistance to bring another decline. Firm break of 140.94 will resume the whole fall from 151.89. Next target will be next fibonacci level at 136.63. In the […]