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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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06/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3775; (P) 1.3861; (R1) 1.3913; More… Intraday bias in USD/CAD turned neutral with the current retreat. But further rise is expected as long as 1.3786 support holds. Break of 1.3946 will target 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025 next. Nevertheless, firm break of 1.3786 will turn bias back […]
18/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3580; (P) 1.3598; (R1) 1.3617; More… USD/CAD is still extending sideway trading and intraday bias remains neutral. On the downside, below 1.3545 minor support will suggest that recovery from 1.3439 has completed, turn bias to the downside for retesting this low. Nevertheless, decisive break of 38.2% retracement of 1.3946 to 1.3439 at […]
23/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3069; (P) 1.3100; (R1) 1.3122; More… Intraday bias in GBP/USD stays on the upside despite some loss of momentum. Decisive break of 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124 and 1.3141 resistance will confirm larger up trend resumption for 100% projection at 1.3409. On the downside, below 1.3010 minor […]