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Daily Pivots: (S1) 148.43; (P) 148.89; (R1) 149.78; More… USD/JPY’s rally from 139.57 short term bottom resumed after brief consolidations, and intraday bias is back on the upside. Current rally is seen as the second leg of the corrective pattern from 161.94. Next target is 61.8% retracement of 161.94 to 139.57 at 153.39. On the […]

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08/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3538; (P) 1.3565; (R1) 1.3602; More… Intraday bias in USD/CAD remains mildly on the upside for the moment. Rebound from 1.3148 is in progress for 38.2% retracement of 1.3946 to 1.3418 at 1.3505. Decisive break there will target 61.8% retracement at 1.3559 next. On the downside, however, break of 1.3516 minor support […]
08/04/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 151.04; (P) 151.40; (R1) 151.98; More… Intraday bias in USD/JPY remains neutral for the moment. On the downside, break of 150.80 will turn bias back to the downside for deeper pull back to 55 D EMA (now at 149.65). On the upside, however, sustained break of 151.93 key resistance will confirm long […]
02/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6146; (P) 1.6225; (R1) 1.6283; More.. EUR/AUD’s decline is resuming by breaching 1.6137 and intraday bias is back on the downside for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Meanwhile, considering bullish convergence condition in 4H MACD, firm break of 1.6313 resistance should indicate short term bottoming, and turn […]