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USD/CAD surged to as high as 1.3848 last week and breached 1.3845 high, but turned sideway since then. Initial bias remains neutral this week first and some more consolidations could be seen. Further rally is expected as long as 55 4H EMA (now at 1.3755) holds. Decisive break of 1.3845 will resume whole rally from […]

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19/02/2024

AUD/USD Weekly Report

AUD/USD edged lower to 0.6642 last week but recovered since then. Initial bias stays neutral this week first. More consolidation would be seen and stronger recovery cannot be ruled out. But outlook will remain bearish as long as 0.6621 resistance holds. Break of 0.6642 will resume the decline from 0.6870 towards 0.6269 low. In the […]
06/08/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 180.22; (P) 184.11; (R1) 188.11; More… GBP/JPY recovered after diving to 180.00 and intraday bias is turned neutral first. Some consolidations would be seen but upside should be limited by 193.23 resistance to bring another fall. Break of 180.00 will resume the decline from 208.09 to 178.32 support next. In the bigger […]
28/06/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 171.60; (P) 171.89; (R1) 172.38; More… Intraday bias in EUR/JPY remains on the upside as up trend continues. Next target is 100% projection of 164.01 to 170.87 from 167.52 at 174.38. On the downside, below 171.37 minor support will turn intraday bias neutral and bring consolidations first, before staging another rally. In […]