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USD/JPY reversed after edging higher to 146.48 last week. Initial bias now back on the downside this week for retesting 139.57. But strong support could be seen again from 139.26 fibonacci level to bring rebound. However, firm break of 139.26 will carry larger bearish implications. In the bigger picture, fall from 161.94 medium term top […]

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USD/CHF Weekly Outlook

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14/06/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8921; (P) 0.8945; (R1) 0.8962; More…. Intraday bias in USD/CHF remains neutral for the moment and more sideway trading could be seen. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. On the upside, firm break of 0.8987 support turned resistance will argue […]
27/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3628; (P) 1.3684; (R1) 1.3721; More… Intraday bias in USD/CAD remains neutral this week first. On the upside, break of 1.3742 will affirm the case that correction from 1.3845 has completed at 1.3589. Further rally would then be seen to retest 1.3845 high. However, sustained trading below 55 D EMA (now at […]
06/09/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 142.79; (P) 143.51; (R1) 144.17; More… Intraday bias in USD/JPY remains on the downside for retesting 141.67 low. Firm break there will resume whole decline from 161.95 high, for 140.25 support next. On the upside, above 144.22 minor resistance will turn intraday bias neutral first. But risk will stay on the downside […]