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Daily Pivots: (S1) 1.3814; (P) 1.3831; (R1) 1.3856; More… Intraday bias in USD/CAD remains neutral for consolidations below 1.3848 temporary top. Further rally is expected as long as 55 4H EMA (now at 1.3762) holds. Decisive break of 1.3845 will resume whole rally from 1.3176. Next target is 61.8% projection of 1.3176 to 1.3845 from […]

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EUR/USD Daily Outlook

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20/11/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6189; (P) 1.6245; (R1) 1.6278; More… Intraday bias in EUR/AUD remains neutral and further decline is expected Break of 1.6161 will resume the fall from 1.6598 for retesting 1.5996/6002 key support zone. Nevertheless, break of 1.6359 will turn bias to the upside for stronger rebound towards 1.6598 resistance instead. In the bigger […]
02/03/2024

EUR/GBP Weekly Outlook

EUR/GBP recovered last week but failed to break through 0.8577 so far. Initial bias remains neutral this week first. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound […]
16/12/2023

USD/CAD Weekly Outlook

USD/CAD’s fall from 1.3897 resumed and accelerated lower last week, closing below 1.3378 support. The development argues that whole rise from 1.3091 has completed at 1.3897 already. Initial bias stays on the downside this week. Sustained trading below 1.3378 will bring deeper fall to 1.3091 support next. For now, risk will stay on the downside […]