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Daily Pivots: (S1) 1.1578; (P) 1.1628; (R1) 1.1665; More… EUR/USD rebounded after drawing support from 55 4H EMA, but stays below 1.1698 temporary top. Intraday bias remains neutral first. Outlook is unchanged that correction from 1.1829 should have completed with three waves down to 1.1390. Above 1.1698 will bring retest of 1.1829. However, break of […]

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14/06/2025

EUR/GBP Weekly Outlook

EUR/GBP’s rebound from 0.8354 extended higher last week but lost momentum after hitting 0.8545. Initial bias is turned neutral this week first. Further rally is expected as long as 0.8416 support holds. Above 0.8545 will target for 61.8% retracement of 0.8737 to 0.8354 at 0.8591. Firm break there will pave the way to 0.8373 resistance. […]
07/07/2024

USD/CAD Weekly Outlook

USD/CAD fell to 1.3602 last week but recovered ahead of 1.3589 support. Initial bias remains neutral this week first. Corrective pattern from 1.3845 could still extend. Break of 1.3589 will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above 1.3686 […]
02/12/2024

EURJPY Wave Analysis

EURJPY broke support zone  Likely to fall to support level 156.00 EURJPY currency pair recently broke the support zone located between the support level 160.00 and the 61.8% Fibonacci correction of the upward impulse from September. The breakout of the support level 160.00 accelerated the C-wave of the active ABC correction (2) from the end […]