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USD/CAD edged higher to 1.3790 last week but retreated since then. Intraday bias remains neutral this week first. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of 1.3662 will turn bias to the […]

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21/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8599; (P) 0.8625; (R1) 0.8654; More…. Further decline is expected in USD/CHF as long as 0.8710 resistance holds. Current fall from 0.9243 is in progress for retesting 0.8551 key support next. On the upside, however, break of 0.8710 will indicate short term bottoming, and turn bias back to the upside for stronger […]
19/06/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8442; (P) 0.8453; (R1) 0.8463; More… Intraday bias in EUR/GBP remains neutral first as consolidations continue above 0.8396. Outlook will remain bearish as long as 0.8482 support turned resistance holds. Below 0.8396 will resume larger down trend to 0.8376 projection level next. In the bigger picture, down trend from 0.9267 (2022 high) […]
17/04/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.18; (P) 154.48; (R1) 155.04; More… Intraday bias stays mildly on the upside with 153.89 minor support intact. USD/JPY is still in favor to rise towards 155.20 fibonacci projection level. But upside could be limited there, at least on first attempt, to bring pull back. On the downside, below 153.89 will turn […]