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Daily Pivots: (S1) 1.4287; (P) 1.4334; (R1) 1.4363; More… No change in USD/CAD’s outlook and intraday bas stays neutral. Strong support is expected from 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 1.4267), to bring rebound. On the upside, above 1.4501 minor […]

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USD/JPY Daily Outlook

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22/08/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 144.19; (P) 145.55; (R1) 146.63; More… USD/JPY’s fall from 149.35 is still in progress despite weak momentum. Intraday bias stays on the downside for retesting 141.67 low. Firm break there will resume the whole fall from 161.94 to 139.26 fibonacci level next. For now, risk will stay on the downside as long […]
14/01/2025

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9150; (P) 0.9176; (R1) 0.9196; More… USD/CHF retreated ahead of 0.9223 key resistance and intraday bias is turned neutral for some consolidations. Near term outlook will stay bullish as long as 0.9007 support holds, in case of deep retreat. On the upside, decisive break of 0.9223 will carry larger bullish implications. In […]
04/06/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 155.53; (P) 156.50; (R1) 157.06; More…. USD/JPY’s break of 156.36 minor support argues that rebound from 151.86 has possibly completed with three waves up to 157.70. Corrective pattern from 160.20 might have started the third leg already. Intraday bias is back on the downside for 153.59 support first. Firm break there will […]