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Daily Pivots: (S1) 1.3538; (P) 1.3593; (R1) 1.3645; More… Intraday bias in USD/CAD remains on the upside for channel resistance at 1.3670 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish as long as 1.3477 support holds, in case of retreat. In the bigger […]

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19/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3470; (P) 1.3498; (R1) 1.3515; More… Intraday bias in USD/CAD remains neutral as consolidation continues below 1.3540 temporary top. 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 1.3897 to 1.3176 at 1.3622). Decisive break there […]
11/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9051; (P) 0.9100; (R1) 0.9177; More…. Intraday bias in USD/CHF remains on the upside for the moment. Current rise is part of the whole rally from 0.8332. Next target is 161.8% projection of 0.8550 to 0.8884 from 0.8728 at 0.8818. For now, near term outlook will stay bullish as long as 0.8996 […]
09/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 143.63; (P) 144.27; (R1) 144.89; More… Range trading continues in USD/JPY and intraday bias stays neutral. On the upside, above 145.97 will resume the rebound from 140.25. But upside should be limited by 61.8% retracement of 151.89 to 140.25 at 147.44. On the downside, below 143.17 minor support will turn bias back […]