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Daily Pivots: (S1) 0.8395; (P) 0.8403; (R1) 0.8408; More…. Immediate focus in on 0.8390 temporary low in EUR/GBP. Firm break there will resume larger down trend and target 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360. While another recovery cannot be ruled out, outlook will stay bearish as long as 0.8498 resistance holds. […]

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15/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0783; (P) 1.0804; (R1) 1.0842; More… EUR/USD’s rise from 1.0601 resumed by breaking through 1.0810 and intraday bias is back on the upside. Further rise should be seen to 1.0885 resistance next. For now, further ally is expected as long as 1.0765 support holds, in case of retreat. In the bigger picture, […]
10/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3349; (P) 1.3382; (R1) 1.3423; More… Further rise remains in favor in USD/CAD, and rebound from 1.3176 would target 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. On the downside, however, break of 1.3286 will turn bias back to the […]
09/05/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 154.76; (P) 155.22; (R1) 155.96; More… Intraday bias in USD/JPY remains mildly on the upside as this point. Rebound from 151.86 is seen as the second leg of the corrective pattern from 160.20 high. Further rise would be seen to 157.98 resistance. On the downside, below 154.23 minor support will turn intraday […]