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USD/CAD spiked higher to 1.3946 last week but reversed from there. Yet, downside is contained by 55 D EMA (now at 1.3717) so far. Initial bias is neutral this week first. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near term bullishness. Further rise should be seen to retest […]

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EUR/JPY Daily Outlook

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18/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.46; (P) 199.96; (R1) 200.86; More… Intraday bias in GBP/JPY stays neutral for consolidations below 201.59. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4H MACD, firm break of 197.18 will confirm short term topping, and turn bias back to the downside for 191.34 […]
16/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3575; (P) 1.3618; (R1) 1.3646; More… USD/CAD’s fall from 1.3845 resumes with break of 1.3608 support. Intraday bias is back on the downside, and further fall would be seen to 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Sustained trading below 55 D EMA (now at 1.3631) will argue that […]

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9036; (R1) 0.9057; More…. USD/CHF’s fall from 0.9223 resumed by breaking 0.9005 and intraday bias is back on the downside. Deeper decline should be seen to 38.2% retracement of 0.8332 to 0.9223 at 0.8883 next. For now, risk will stay on the downside as long as 0.9101 resistance holds, in […]