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USD/CAD’s rally from 1.3418 continued last week but turned sideway after hitting 1.3837. Initial bias remains neutral this week for consolidations first. Downside of retreat should be contained above 1.3646 resistance turned support. On the upside, break of 1.3837 will target 1.3946/76 key resistance zone. In the bigger picture, sideway consolidation pattern from 1.3976 (2022 […]

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05/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0820; (P) 1.0873; (R1) 1.0965; More….. Intraday bias in EUR/USD remains on the upside for the moment. Decisive break of 1.0947 resistance will resume rise from 1.0665 and target 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1056. For now, risk will stay on the upside as long as 55 4H […]
25/04/2024

EUR/USD Mid-Day Outlook

.Daily Pivots: (S1) 1.0680; (P) 1.0697; (R1) 1.0716; More… EUR/USD retreated after brief breach of 1.0723 support turned resistance and intraday bias remains neutral. Break of 1.0677 support will indicate rejection by 1.0723, and turn bias back to the downside. EUR/USD should then resume larger down trend through 1.0601 low. Nevertheless, firm break of 1.0723 […]
15/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6490; (P) 1.6549; (R1) 1.6584; More… EUR/AUD is still bounded in sideway trading and intraday bias remains neutral. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be seen to 1.6844 resistance for […]