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USD/CAD reversed after rebounding to 1.3761 and the development suggests that correction from 1.3845 is still extending. Initial bias remains neutral this week first. On the upside, break of 1.3761 resistance will argue that correction from 1.3845. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. However, sustained […]

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27/07/2024

USD/CHF Weekly Outlook

USD/CHF edged lower to 0.8776 last week but recovered again. Initial bias stays neutral this week first. As long as 0.8923 resistance holds, further decline is expected. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8923 will turn […]
03/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8995 (P) 0.9032; (R1) 0.9061; More…. No change in USD/CHF’s outlook and intraday bias stays on the downside for 0.8987 support. Firm break there will resume whole fall from 0.9223 and target 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. On the upside, above 0.9065 minor resistance will turn intraday […]
13/12/2023

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.74; (P) 145.47; (R1) 146.19; More… Intraday bias in USD/JPY remains neutral at this point. Outlook also stays bearish with 147.14 support turned resistance holds. On the downside, 144.72 minor support will suggest that rebound from 141.59 has completed at 146.58. Intraday bias will then be back on the downside for retesting […]