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Daily Pivots: (S1) 142.67; (P) 143.67; (R1) 144.23; More… Further rally remains in favor in USD/JPY with 141.73 minor support intact, despite loss of upside momentum as seen in 4H MACD. Rebound from 139.57 short term bottom should extend to 38.2% retracement of 161.94 to 139.57 at 148.11. On the downside, below 141.73 will turn […]

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06/03/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8817; (P) 0.8843; (R1) 0.8860; More…. USD/CHF is still bounded in range below 0.8891 and intraday bias stays neutral. Further rally remains in favor as long as 0.8741 support holds. Break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias […]
09/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3556; (P) 1.3587; (R1) 1.3603; More… Intraday bias in USD/CAD is turned neutral again with current retreat. Some consolidations would be seen but further rally is still expected as long as 1.3477 support holds. Break of 1.3646 will resume the rise from 1.3716. Sustained break of channel resistance would prompt upside acceleration […]
10/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.59; (P) 151.76; (R1) 151.96; More… Range trading continues in USD/JPY and intraday bias stays neutral at this point. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.73). On the upside, however, sustained break of 151.93 key […]