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USD/CAD reversed after edging higher to 1.4541 last week but subsequent decline was contained at 1.4238. Initial bias is turned neutral this week first. Overall, corrective pattern from 1.4791 should still be extending. Below 1.3248 will target 1.4150 support and possibly below. Meanwhile, break of 1.4541 will bring stronger rise back to retest 1.4791. In […]

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29/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3623; (P) 1.3638; (R1) 1.3662; More… Intraday bias in USD/CAD is turned neutral again with current recovery. On the downside, firm break of 1.3589 support will argue that whole rise from 1.3176 has completed at 1.3845 already. Fall from 1.3845 should then resume to 61.8% retracement of 1.3176 to 1.3845 at 1.3432. […]
18/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2421; (P) 1.2451; (R1) 1.2486; More… GBP/USD is staying in consolidation from 1.2404 and intraday bias remains neutral. Upside but upside of recovery should be limited by 1.2538 support turned resistance to bring another fall. On the downside, firm break of 1.2404 will resume the decline from 1.2892 to 100% projection of […]
10/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6727; (P) 0.6738; (R1) 0.6751; More… Intraday bias in AUD/USD remains neutral for consolidations below 0.6760 temporary top. Outlook will stay bullish as long as 0.6619 support holds. On the upside, break of 0.6760 will resume the whole rally from 0.6361. Next target is 61.8% projection of 0.6361 to 0.6713 from 0.6619 […]