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USD/CAD dipped to 1.4279 last week as consolidation from 1.4466 extended, but quickly rebounded. Initial bias remains neutral this week first, and further rally is expected. Break of 1.4466 will resume larger up trend to 1.4667/89 long term resistance zone. However, break of 1.4279 will extend the corrective pattern with another falling leg. In the […]

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GBP/JPY Daily Outlook

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20/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8446; (P) 0.8480; (R1) 0.8512; More… Intraday bias in USD/CHF stays neutral as range trading continues. On the downside, break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, break of 0.8548 […]
13/03/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 160.54; (P) 161.08; (R1) 161.88; More… Intraday bias in EUR/JPY stays neutral at this point. On the downside, below 160.20 will resume the fall from 163.70 to 38.2% retracement of 153.15 to 163.70 at 159.66. Sustained break there will indicate that fall from 163.70 is reversing whole rise from 153.13, and target […]
08/01/2025

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8280; (P) 0.8293; (R1) 0.8300; More… EUR/GBP is staying in consolidations and intraday bias remains neutral. On the upside, firm break of 0.8326 resistance will confirm short term bottoming at 0.8221, ahead of 0.8201 key support. Intraday bias will be turned back to the upside for 0.8446 structural resistance next. In the […]