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USD/CAD stayed in consolidation below 1.3585 last week and outlook is unchanged. Further rally is expected as long as 1.3357 support holds. Break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. However, break of 1.3357 will argue that the rebound from 1.3176 has completed and bring retest of this low. In the […]

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EUR/USD Mid-Day Outlook

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17/12/2023

EUR/USD Weekly Outlook

EUR/USD rose to 1.1008 last week but failed to break through 1.1016 resistance and retreated. Initial bias remains neutral this week first. Further rally is expected as long as 1.0722 support holds. Break of 1.1016 will resume the whole rise from 1.0447 to retest 1.1274 high. In the bigger picture, price actions from 1.1274 are […]
22/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3487; (P) 1.3512; (R1) 1.3529; More… Range trading continues in USD/CAD and intraday bias stays neutral. More consolidations could be seen, but further rally is expected as long as 1.3357 support holds. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. In the bigger picture, […]
17/07/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0877; (P) 1.0900; (R1) 1.0916; More…. Intraday bias in EUR/USD remains neutral for the moment. Further rally is expected as long as 1.0805 support holds. Firm break of 1.0915/21 will will resume whole rise from 1.0601 to 100% projection of 1.0601 to 1.0915 from 1.0665 at 1.0979. However, break of 1.0805 will […]