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Daily Pivots: (S1) 1.3978; (P) 1.4148; (R1) 1.4269; More… USD/CAD rebounded ahead of 61.8% projection of 1.4791 to 1.4150 from 1.4414 at 1.4018, and intraday bias is turned neutral. For now, risk will remain on the downside as long as 1.4414 resistance holds. Break of 1.4026 will target 1.3946 key support next. Nevertheless, break of […]

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03/02/2025

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.94; (P) 160.72; (R1) 161.54; More… EUR/JPY’s strong break of 159.74 support confirms resumption of whole fall from 164.89. Intraday bias is back on the downside for 156.16 support next. Overall, consolidation pattern from 154.40 could still extend. Above 161.48 minor resistance will turn bias back to the upside for 164.07 resistance. […]
03/03/2025

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.4420; (P) 1.4446; (R1) 1.4492; More… Intraday bias in USD/CAD remains on the upside at this point. Corrective pull back from 1.4791 should have completed at 1.4150 already. Further rise should be seen to retest 14791 high. Strong resistance might be seen there to limit upside on first attempt. But decisive break […]
05/12/2023

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9429; (P) 0.9467; (R1) 0.9497; More… Intraday bias in EUR/CHF stays on the downside for retesting 0.9407/16 support zone. Decisive break there will resume larger down trend. On the upside, touching 0.9504 minor resistance will delay the bearish case and turn intraday bias neutral for consolidation first. In the bigger picture, rejection […]