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USD/CAD stayed in consolidation below 1.4516 last week and outlook is unchanged. Initial bias remains neutral for this week and more sideway trading could be seen. Further rally is expected as long as 1.4260 support holds. On the upside, firm break of 1.4516 will resume larger up trend to 1.4667/89 key resistance zone. Nevertheless, firm […]

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EUR/USD Weekly Outlook

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02/12/2023

EUR/JPY Weekly Outlook

EUR/JPY’s fall from 164.29 resumed last week and accelerated to as low as 159.63. Breach of 159.75 resistance turned support suggests that it’s already corrective the whole rise from 139.05. Initial bias remains on the downside this week. Deeper fall wold be seen to 161.8% projection of 164.29 to 161.22 from 163.70 at 158.73 next. […]
05/12/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2646; (P) 1.2684; (R1) 1.2737; More… Intraday bias in GBP/USD remains neutral for the moment. Recovery from 2.2486 could extend through 1.2749. But outlook will stay bearish as long as 55 D EMA (now at 1.2853) holds. Below 1.2615 minor support will turn intraday bias back to the downside for retesting 1.2486. […]
05/10/2024

EUR/USD Weekly Outlook

EUR/USD’s extended decline and strong break of 55 D EMA (now at 1.1031) last week suggest that the near term trend has reversed. Initial bias is now on the downside this week for 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that fall from 1.1213 is the third leg of […]