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Daily Pivots: (S1) 0.8370; (P) 0.8412; (R1) 0.8490; More…. Intraday bias in USD/CHF is turned neutral with current recovery, and some consolidations would be seen above 0.8332 temporary low. Outlook will stay bearish as long as 0.8665 support turned resistance holds. Break of 0.8332 will resume larger fall from 0.9243 to 138.2% projection of 0.9111 […]

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USD/JPY Daily Outlook

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19/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.43; (P) 171.01; (R1) 172.02; More… EUR/JPY recovered after dipping to 169.98 and intraday bias is turned neutral first. Further fall is in favor as long as 172.91 resistance holds. Sustained trading below 55 D EMA (now at 170.30) will target 38.2% retracement of 153.15 to 175.41 at 166.90, as a correction […]
02/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0716; (P) 1.0758; (R1) 1.0784; More… EUR/USD’s decline is still in progress and intraday bias stays on the downside for 1.0694 support. Decisive break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. On the upside, above 1.0767 minor resistance will […]
11/05/2024

USD/CAD Weekly Outlook

USD/CAD reversed after rebounding to 1.3761 and the development suggests that correction from 1.3845 is still extending. Initial bias remains neutral this week first. On the upside, break of 1.3761 resistance will argue that correction from 1.3845. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. However, sustained […]