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USD/CHF’s rebound from 0.8374 continued last week and there is no clear sign of completion yet. Initial bias stays on the upside this week for 38.2% retracement of 0.9223 to 0.8374 at 0.8698. Sustained break there will argue that fall from 0.9223 has completed after defending 0.8332 low. Further rally should then be seen to […]

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13/12/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8233; (P) 0.8253; (R1) 0.8279; More… EUR/GBP rebounded strongly ahead of 0.8201 support. Considering the strong momentum, intraday bias is back on the upside for 0.8363 resistance. Decisive break there will be suggest near term bullish reversal and target 0.8446 resistance and above. In case of another decline through 0.8224, focus will […]
24/09/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3493; (P) 1.3538; (R1) 1.3588; More… Intraday bias in USD/CAD stays on the downside for retesting 1.3439 low. Firm break there will resume the decline from 1.3946, and target 61.8% projection of 1.3946 to 1.3439 from 1.3646 at 1.3333. On the upside, above 1.3540 minor resistance will turn intraday bias neutral first. […]
21/06/2024

USDJPY Wave Analysis

USDJPY broke strong resistance level 157.65 Likely to rise to resistance level 160.00 USDJPY currency pair recently broke above the strong resistance level 157.65 (which has been steadily reversing the price from the end of April, as you can see below). The breakout of the resistance level 157.65 continues the clear uptrend that can be […]