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USD/CAD’s rebound from 1.3176 short term bottom extended higher last week but lost momentum ahead of 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Initial bias is turned neutral this week first. Further rise is mildly in favor as long as 1.3339 minor support holds. Decisive break of 1.3451 will pave the way to 61.8% […]

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AUD/USD Weekly Report

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23/01/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 147.74; (P) 148.28; (R1) 148.71; More… USD/JPY is extending the consolidation from 148.79 temporary top and intraday bias remains neutral. While deeper retreat cannot be ruled out, further rally is expected as long as 145.97 resistance turned support holds. Corrective fall from 151.89 should have completed at 140.25 already. Break of 148.79 […]
04/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9739; (P) 0.9772; (R1) 0.9802; More…. EUR/CHF’s fall from 0.9928 resumed after brief recovery and intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 0.9765) will pave the way to 38.2% retracement of 0.9252 to 0.9928 at 0.9670. Strong support is expected there to complete the […]
10/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6602; (P) 0.6624; (R1) 0.6649; More… Intraday bias in AUD/USD remains on the upside at this point. Rise from 0.6480 is seen as the third leg of the pattern from 0.6442. Further rally would be seen to 0.6666 resistance, and then 100% projection of 0.6442 to 0.6666 from 0.6480 at 0.6704. Nevertheless, […]