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Daily Pivots: (S1) 1.3648; (P) 1.3697; (R1) 1.3724; More… Intraday bias in USD/CAD stays neutral at this point. On the upside above 1.3782 will target 1.3845 resistance first. Firm break there will resume larger rise from 1.3176 towards 1.3976 key resistance next. On the downside, break of 1.3631 will extend the fall from 1.3845. Sustained […]

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28/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 160.43; (P) 160.63; (R1) 160.98; More… USD/JPY’s rally continues today and intraday bias stays on the upside. Next target is 161.8% projection of 151.86 to 157.70 from 154.53 at 163.97. On the downside, below 60.27 minor support will turn intraday bias neutral again first. But outlook will stay bullish as long as […]
05/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0821; (P) 1.0849; (R1) 1.0866; More… Intraday bias in EUR/USD is back on the downside with break of 55 4H EMA (now at 1.0814). Deeper fall would be seen to retest 1.0694/0723 support zone On the upside, break of 1.0875 will resume the rebound from 1.0723 towards 1.0980 resistance instead. In the […]
04/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.79; (P) 150.26; (R1) 150.56; More… Intraday bias in USD/JPY remains neutral at this point. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break of 149.20 will confirm short term topping […]