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USD/CAD stayed in range trading below 1.4541 last week and outlook is unchanged. Initial bias remains neutral this week first. Price actions from 1.4150 are seen as the second leg of the corrective pattern from 1.4791 high. On the upside, break of 1.4541 will target 100% projection of 1.4150 to 1.4541 from 1.4238 at 1.4629. […]

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25/07/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 197.22; (P) 199.20; (R1) 200.63; More… There is no sign of bottoming in GBP/JPY yet as fall from 208.09 continues today. Intraday bias stays on the downside. Sustained trading below 38.2% retracement of 178.32 to 208.09 at 196.71 will argue that larger scale correction is under way to 185.49 fibonacci level. On […]
04/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9376; (P) 0.9399; (R1) 0.9431; More…. Range trading continues in EUR/CHF and intraday bias remains neutral first. On the downside, break of 0.9305 will resume the fall from 0.9579 to retest 0.9209 low. On the upside, above 0.9506 will resume the rebound from 0.9305 to 0.9579 resistance. In the bigger picture, medium […]
29/04/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2448; (P) 1.2495; (R1) 1.2540; More… Intraday bias in GBP/USD remains on the upside at this point. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2582). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, on […]