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Daily Pivots: (S1) 1.3546; (P) 1.3572; (R1) 1.3598; More… Intraday bias in USD/CAD remains neutral for the moment. Some consolidations would be seen but further rally is still expected as long as 1.3477 support holds. Break of 1.3646 will resume the rise from 1.3716. Sustained break of channel resistance would prompt upside acceleration towards 1.3897 […]

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17/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 154.18; (P) 154.48; (R1) 155.04; More… Intraday bias in USD/JPY stays on the upside at this point. Current up trend should target 155.20 fibonacci projection level next. On the downside, below 153.89 minor support will turn intraday bias neutral and bring consolidations again, before staging another rally. In the bigger picture, current […]
12/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2713; (P) 1.2732; (R1) 1.2759; More… Sideway trading continues in GBP/USD and intraday bias stays neutral. Considering bearish divergence condition in 4H MACD, firm break of 1.2680 support will turn bias back to the downside for 55 D EMA (now at 1.2658) and below. Nevertheless, break of 1.2816 will resume the rise […]
26/09/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6791; (P) 0.6850; (R1) 0.6881; More… With current retreat, a temporary top is in place at 0.6907 in AUD/USD, just ahead of 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. Intraday bias is turned neutral for consolidations first. While deeper retreat cannot be ruled out, outlook will stay bullish as […]