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Daily Pivots: (S1) 1.3920; (P) 1.4015; (R1) 1.4080; More… USD/CAD’s fall from 1.4791 resumed by breaking through 1.4026 and intraday bias is back on the downside. Sustained break of 1.3946 will carry larger bearish implication. Next target is 100% projection of 1.4791 to 1.4150 from 1.4414 at 1.3773. On the upside, break of 1.4150 support […]

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EUR/USD Daily Outlook

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18/03/2025

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2940; (P) 1.2970; (R1) 1.3020; More… While upside momentum in GBP/USD is unconvincing as seen in 4H MACD, further rally is expected as long as 1.2910 support holds. Sustained trading above 61.8% retracement of 1.3433 to 1.2099 at 1.2923 will pave the way back to 1.3433 high. However, break of 1.2910 will […]
19/03/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3519; (P) 1.3536; (R1) 1.3550; More… USD/CAD’s break of 1.3605 resistance suggests that whole rise from 1.3176 is resuming. Intraday bias is back on the upside for 61.8% projection of 1.3176 to 1.3540 from 1.3419 at 1.3644 first. Decisive break there could prompt upside acceleration to 100% projection at 1.3783 next. On […]
15/04/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 162.08; (P) 163.31; (R1) 164.36; More… Intraday bias in EUR/JPY remains neutral first. On the upside, firm break of 165.33 will resume larger up trend towards 169.96 key resistance next. However, decisive break of 162.26 support will argue that it’s at least correcting the rise from 153.15, and target 38.2% retracement of […]