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Daily Pivots: (S1) 1.1242; (P) 1.1294; (R1) 1.1331; More… Intraday bias in EUR/USD is back on the upside with breach of 1.1362 temporary top. As noted before, correction from 1.1572 could have completed at 1.1064 already. Further rise should be seen to retest 1.1572 first. Firm break there will resume larger up trend. Next near […]

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EUR/JPY Weekly Outlook

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30/09/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8330; (P) 0.8340; (R1) 0.8358; More… Intraday bias in EUR/GBP remains neutral for the moment, and more consolidations could be seen above 0.8316. Outlook will stay bearish as long as 0.8399 support turned resistance holds. On the downside, below 0.8316 will resume the fall from 0.8624 to 100% projection of 0.8624 to […]
15/12/2024

EUR/JPY Weekly Outlook

EUR/JPY’s rebound from 156.16 extended higher last week and the development dampened the original bearish view. Sideway pattern from 154.40 might still be in progress, and is extending with another rising leg. Initial bias is mildly on the upside this week. Sustained break of 55 D EMA (now at 161.69) will pave the way to […]
08/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3577; (P) 1.3609; (R1) 1.3653; More… USD/CAD’s rebound from 1.3418 is still in progress and intraday bias stays on the upside. Decisive break of 38.2% retracement of 1.3946 to 1.3418 at 1.3505 will target 61.8% retracement at 1.3559 next. On the downside, below 1.3566 minor support will turn intraday bias neutral first. […]