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EUR/USD edged higher to 1.1572 last week but retreated since then. A short term top could be formed on bearish divergence condition in 4H MACD. Deeper decline is in favor this week. Nevertheless, strong support should be seen from 38.2% retracement of 1.0176 to 1.1572 at 1.1039 to contain downside. On the upside, break of […]

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USD/CAD Daily Outlook

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23/04/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3785; (P) 1.3823; (R1) 1.3854; More… Further decline is in favor in USD/CAD with 1.3868 minor resistance intact. Firm break of 100% projection of 1.4791 to 1.4150 from 1.4414 at 1.3773 will extend the decline from 1.4791 to 138.2% projection at 1.3528. On the upside, above 1.3868 minor resistance will turn intraday […]
14/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6511; (P) 1.6536; (R1) 1.6559; More… Range trading continues in EUR/AUD and intraday bias stays neutral at this point. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 […]
25/03/2025

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0769; (P) 1.0814; (R1) 1.0845; More… Intraday bias in EUR/USD remains mildly on the downside, as correction from 1.0953 short term top would extend to 38.2% retracement of 1.0358 to 1.0953 at 1.0726. Strong support should be seen there to bring rebound. On the upside, break of 1.0953 will resume the rally […]