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Daily Pivots: (S1) 1.4246; (P) 1.4315; (R1) 1.4355; More… Range trading continues in USD/CAD and intraday bias remains neutral. On the downside, break of 1.4238 support will argue that corrective pattern from 1.4791 has started the third leg already. Intraday bias will be back on the downside for 1.4150 support and below. On the upside, […]

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18/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3709; (P) 1.3736; (R1) 1.3752; More… Intraday bias in USD/CAD stays neutral as range trading continues. Corrective fall from 1.3845 should have completed already. Further rally is expected as long as 1.3662 support holds. Break of 1.3790 will target a retest on 1.3845 first. Nevertheless, break of 1.3662 will turn bias to […]
15/02/2025

GBP/JPY Weekly Outlook

GBP/JPY’s strong rebound last week suggests that fall from 198.94 has completed at 187.04 already. But with a temporary top formed at 193.04, initial bias remains neutral this week first. Overall, corrective pattern from 180.00 is extending, possibly with rebound from 187.04 as another upleg. Above 193.04 will target 194.73 resistance first. Firm break there […]
11/05/2024

USD/CAD Weekly Outlook

USD/CAD reversed after rebounding to 1.3761 and the development suggests that correction from 1.3845 is still extending. Initial bias remains neutral this week first. On the upside, break of 1.3761 resistance will argue that correction from 1.3845. Intraday bias will be back to the upside to resume larger rally from 1.3176 through 1.3845. However, sustained […]