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USD/CAD’s decline from 1.3897 extend to as low as 1.3486 last week and there is no sign of bottoming yet. Initial bias stays on the downside this week for 1.3378 support next, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399. Strong support could be seen there to bring rebound. Meanwhile, on […]

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29/07/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9561; (P) 0.9581; (R1) 0.9612; More…. Intraday bias in EUR/CHF remains neutral for consolidations above 0.9159. Further decline is expected as long as 0.9641 support turned resistance holds. Rebound from 0.9476 should have completed as a corrective move at 0.9772. Below 0.9519 will bring retest of 0.9476. Firm break there will resume […]
27/04/2024

EUR/JPY Weekly Outlook

EUR/JPY’s up trend resumed last week and accelerated to as high as 169.38. Initial bias remains on the upside this week. Next target is 169.96 high the downside, below 167.76 minor support will turn intraday bias neutral and bring consolidations. But pull back should be contained well above 165.33 resistance turned support to bring another […]
05/02/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9320; (P) 0.9341; (R1) 0.9372; More… Intraday bias in EUR/CHF remains neutral for the moment. Fall from 0.9471 could still extend lower, but downside should be contained above 0.9252 low to bring rebound. On the upside, firm break of 0.9363 minor resistance will argue that the correction from 0.9471 has completed, and […]