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Daily Pivots: (S1) 1.4275; (P) 1.4310; (R1) 1.4350; More… Intraday bias in USD/CAD remains neutral for the moment. Downside of the consolidation from 1.4791 should be contained by 1.4260 cluster support (38.2% retracement of 1.3418 to 1.4791 at 1.4267), which is also close to 55 D EMA (now at 1.4264). Larger up trend is expected […]

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10/04/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0842; (P) 1.0863; (R1) 1.0879; More… EUR/USD retreated after edging higher to 1.0884 and intraday bias is turned neutral again. Further rise would be mildly in favor as long as 1.0790 minor support holds. Above 1.0884 will resume the rebound form 1.0723 to 1.0941 resistance first. However, break of 1.0790 will turn […]
06/03/2025

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 148.12; (P) 149.15; (R1) 149.91; More… Intraday bias in USD/JPY is back on the downside with break of 148.08 temporary low. Fall from 158.86, as the third leg of the corrective pattern from 161.94 high, has resumed. Sustained break of 61.8% retracement of 139.57 to 158.86 at 146.32 will pave the way […]
07/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8874; (P) 0.8911; (R1) 0.8930; More…. USD/CHF recovers after another take on 0.8883 fibonacci level but stays below 0.8987 support turned resistance. Intraday bias stays neutral first. Strong rebound from current level, followed by firm break of 0.8987 support turned resistance, will suggest that correction from 0.9223 has completed, and retain near […]