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EUR/JPY’s extended decline last week suggests that rebound from 156.16 has already completed at 164.89. But downside momentum remained unconvincing. Also, with a temporary low formed at 159.74, initial bias is neutral this week first. On the downside, below 159.74 will target 156.16 support. On the upside, break of 162.89 will bring retest of 164.89 […]

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08/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8303; (P) 0.8322; (R1) 0.8336; More… Intraday bias in EUR/GBP stays neutral and outlook remains bearish with 0.8446 resistance intact. On the downside, break of 0.8294 low will resume larger down trend to 0.8201 key support next. On the upside, break of 0.8446 will resume the rebound from 0.8294 short term bottom […]
03/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3646; (P) 1.3701; (R1) 1.3735; More… Range trading continues in USD/CAD and intraday bias remains neutral. Consolidation from 1.3845 could extend further. While another fall could be seen, downside should be contained by 1.3589 cluster support (38.2% retracement of 1.3176 to 1.3845 at 1.3589) to bring rebound. Break of 1.3790 resistance will […]
08/12/2024

EUR/CHF Weekly Outlook

EUR/CHF’s late breach of 0.9269 support last week argues that rebound from 0.9204 has completed already, after repeated rejection by falling 55 4H EMA. Initial bias is cautiously on the downside this week. Deeper fall would be seen to retest 0.9204 low. Firm break of 0.9204/9 will indicate larger down trend resumption. Nevertheless, break of […]