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USD/CAD stayed in consolidation last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, above 1.4035 minor resistance will bring retest of 1.4104 high. Firm break there will resume larger up trend. On the downside, below 1.3930 will extend the correction to 1.3841 cluster support (38.2% retracement of 1.3418 […]

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06/03/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 149.66; (P) 150.11; (R1) 150.51; More… USD/JPY falls notably today but stays above 149.20 supports so far. Intraday bias remains neutral first. On the upside, break of 150.87 will resume the rise from 140.25 to 151.89/93 key resistance zone. On the other hand, considering bearish divergence condition in 4H MACD, firm break […]
10/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 174.06; (P) 174.33; (R1) 174.70; More… Intraday bias in EUR/JPY is back on the upside as recent up trend is trying to resistance. Sustained trading above 174.50 will target 138.2% projection of 164.01 to 170.87 from 167.52 at 177.00. On the downside, however, break of 173.50 minor support will turn bias to […]
29/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9111; (P) 0.9130; (R1) 0.9165; More…. Intraday bias in USD/CHF remains neutral for the moment, and more consolidations could be seen. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside, break of 0.9085 will turn bias to the […]