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Daily Pivots: (S1) 1.3476; (P) 1.3509; (R1) 1.3538; More… Intraday bias in USD/CAD is turned neutral with 4H MACD crossed below signal line. Some consolidations could be seen first. But further rally is expected as long as 1.3342 support holds. Above 1.3540 will resume the rise from 1.3176 to 1.3617 cluster resistance (61.8% retracement of […]

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25/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.34; (P) 148.02; (R1) 149.05; More… USD/JPY’s retreat from 148.79 extends lower today but stays well above 145.97 resistance turned support. Intraday bias remains neutral at this point, and further rally remains in favor. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 will resume the rise from […]
30/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3636; (P) 1.3657; (R1) 1.3683; More… Intraday bias in USD/CAD is turned neutral with current recovery. On the downside, below 1.3631 will resume the fall from 1.3845 short term top to 55 D EMA (now at 1.3600). On the upside, above 1.3730 minor resistance will turn bias back to the upside for […]
29/06/2024

EUR/USD Weekly Outlook

EUR/USD’s consolidation form 1.0667 continued last week and outlook is unchanged. Initial bias remains neutral this week first and further fall is expected with 1.0760 resistance intact. Decline from 1.0915 is seen as another leg in the larger corrective pattern. Firm break of 1.0667 will target 1.0601 and below. However, decisive break of 1.0760 will […]