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USD/CAD edged lower to 1.3588 last week but recovered after hitting 1.3589 support. Initial bias remains neutral this week first. On the downside, firm break of 1.3589 will extend the corrective pattern from 1.3845 and target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. […]

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10/05/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 167.00; (P) 167.38; (R1) 168.01; More… Intraday bias in EUR/JPY stays on the upside for the moment. Rebound from 164.01 is seen as the second leg of the corrective pattern from 171.58. Further rise would be seen to 168.64 resistance. On the downside, below 165.63 minor support will turn intraday bias neutral […]
13/04/2024

AUD/USD Weekly Report

AUD/USD’s steep decline last week suggests that consolidation from 0.6442 has completed at 0.6643 already. Initial bias stays on the downside this week. Firm break of 1.6442 will confirm resumption of the fall from 0.6870 and target 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. On the upside, above 0.6498 resistance will turn […]
05/12/2023

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 146.48; (P) 146.97; (R1) 147.70; More… Intraday bias in USD/JPY remains neutral for consolidation above 146.22 temporary top. Further decline is expected as long as 148.50 resistance holds, even in case of stronger recovery. On the downside, firm break of 146.22 will resume the fall from 151.89 to 145.06 key support level. […]