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Daily Pivots: (S1) 174.91; (P) 175.44; (R1) 176.06; More… Intraday bias in EUR/JPY remains neutral for the moment. On the upside, break of 176.44 resistance will suggest that pullback from 177.91 has completed, and bring retest of this high. Further break of 177.91 will resume larger up trend to 61.8% projection of 161.06 to 173.87 […]

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29/11/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3547; (P) 1.3585; (R1) 1.3610; More… USD/CAD’s decline extends today and the break of 38.2% retracement of 1.3091 to 1.3897 at 1.3589 indicates deeper correction is underway. Intraday bias remains on the downside. Next target is 161.8% projection of 1.3897 to 1.3627 from 1.3853 at 1.3416. On the upside, above 1.3627 support […]
17/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.73; (P) 157.50; (R1) 158.23; More… Intraday bias in USD/JPY is turned neutral first with current retreat. Further rally would remain in favor as long as 154.53 support holds. Break of 158.25 will resume the choppy rise from 151.86 towards 160.20 high. But upside should be limited there, at least on first […]
12/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3740; (P) 1.3766; (R1) 1.3784; More… Intraday bias in USD/CAD is turned neutral with current retreat. Further rise is expected as long as 55 4H EMA (now at 1.3711) holds. Correction from 1.3845 might have completed at 1.3589 already. Above 1.3790 will bring retest of 1.3845 high. However, sustained break of 55 […]