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USD/CAD edged lower to 1.3589 last week but recovered. Initial bias remains neutral this week first. Further decline is in favor as long as 1.3689 resistance holds. Break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Also, sustained trading below 55 D EMA […]

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19/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8407; (P) 0.8414; (R1) 0.8426; More…. Intraday bias in EUR/GBP remains neutral for the moment and more consolidations could be seen above 0.8382. Further decline is in favor. But considering bullish convergence condition in 4H MACD, downside could be contained by 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360 on […]
20/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0935; (P) 1.0961; (R1) 1.1007; More… Intraday bias in EUR/USD remains neutral and more consolidations could be seen below 1.1008. Further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price […]
17/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3787; (P) 1.3816; (R1) 1.3859; More… Intraday bias in USD/CAD remains on the upside for the moment. Decisive break of 100% projection of 1.3176 to 1.3540 from 1.3477 at 1.3841 will pave the way to 138.2% projection at 1.3980. On the downside, below 1.3773 minor support will turn intraday bias neutral and […]