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Daily Pivots: (S1) 149.54; (P) 149.93; (R1) 150.62; More… Intraday bias in USD/JPY is back on the upside with break of 149.97 temporary top. Current rise from 139.57 should target 61.8% retracement of 161.94 to 139.57 at 153.39 next. On the downside, below 148.84 minor support will turn intraday bias neutral first. But further rally […]

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20/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0765; (P) 1.0777; (R1) 1.0792; More… Intraday bias in EUR/USD remains as consolidation from 1.0694 is still extending. . Further decline is in favor with 1.0804 resistance intact. On the downside, below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H MACD, above […]
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 […]
15/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0886; (P) 1.0911; (R1) 1.0935; More…. Intraday bias in EUR/USD remains on the downside for the moment. Sustained trading below 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, deeper decline would be seen […]