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USD/CAD’s strong rally last week suggest that corrective fall from 1.3946 has completed at 1.3418 already. Initial bias remains on the upside this week. Sustained break of 61.8% retracement of 1.3946 to 1.3418 at 1.3744 will pave the way to retest 1.3946. On the downside, below 1.3702 minor support will turn intraday bias neutral first. […]

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07/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2488; (P) 1.2566; (R1) 1.2614; More… No change in GBP/USD’s outlook and intraday bias remains on the downside. Strong support could be seen from 1.2499 structural support. Break of 1.2628 minor resistance will turn bias back to the upside for rebound. However, decisive break of 1.2499 will argue that whole rise from […]
15/12/2023

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8627; (P) 0.8680; (R1) 0.8728; More…. USD/CHF’s break of 0.8665 support confirm resumption of whole decline from 0.9243. Intraday bias is back on the downside and deeper fall should be seen to 0.8551 key support level. For now, near term outlook will stay bearish as long as 0.8819 resistance holds, in case […]
21/01/2024

USD/CHF Weekly Outlook

USD/CHF’s rebound from 0.8332 extended higher last week, but lost momentum after hitting 55 D EMA (now at 0.8687). It’s also pressing 38.2% retracement of 0.9243 to 0.8332 at 0.8680. Focus stays on this 0.8680 resistance zone. Decisive break there will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8565 minor […]