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Daily Pivots: (S1) 1.3978; (P) 1.4041; (R1) 1.4077; More… Intraday bias in USD/CAD is turned neutral with current retreat, but consolidations would be brief as long as 1.3958 resistance turned support holds. Above 1.4104 will resume larger up trend to 61.8% projection of 1.3418 to 1.3958 from 1.3841 at 1.4175. Nevertheless, break of 1.3958 will […]

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26/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3798; (P) 1.3824; (R1) 1.3850; More… A temporary top should be in place at 1.3848 with current retreat. Intraday bias in USD/CAD is turned neutral for consolidations. Downside of retreat should be contained by 55 4H EMA (now at 1.3745) to bring another rally. On the upside, decisive break of 1.3845 high […]
05/01/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 181.71; (P) 182.74; (R1) 184.47; More… Intraday bias in GBP/JPY stays neutral at this point. On the upside, firm break of 184.15 resistance will argue that pull back from 188.63 has completed. Further rally would be seen to retest this high. On the downside, though, break of 178.71 will resume the decline […]
30/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.28; (P) 144.92; (R1) 145.61; More… Intraday bias in USD/JPY stays neutral but further fall is in favor with 146.47 minor resistance intact. Break of 143.43 will bring retest of 141.67 low. Firm break there will resume the whole fall from 161.94 to 140.25 support next. On the upside, above 146.47 will […]