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USD/CAD’s fall from 1.4791 high continued last week and accelerated through 1.3946/76 key support zone. There is no sign of bottoming yet. Initial bias stays on the downside this week for 100% projection of 1.4791 to 1.4150 from 1.4414 at 1.3773. On the upside, break of 1.4150 support turned resistance is needed to indicate short […]

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08/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8447; (P) 0.8512; (R1) 0.8568; More…. Intraday bias in USD/CHF remains neutral for the moment. While recovery from 0.8332 short term bottom could extend higher, outlook will stay bearish as long as 0.8665 support turned resistance holds. On the downside, break of 0.8332 will resume larger fall from 0.9243 to 0.8257 projection […]
29/03/2025

USD/JPY Weekly Outlook

USD/JPY recovered further to 151.20 last week but retreated sharply ahead of 151.29 cluster resistance (38.2% retracement of 158.86 to 146.52 at 151.23). Initial bias remains neutral first and outlook stay bearish. On the downside, below 149.53 minor support will argue that the corrective recovery has completed and bring retest of 146.52 low. Firm break […]
08/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3300; (P) 1.3349; (R1) 1.3411; More… Further rise is in favor in USD/CAD with 1.3286 minor support intact. Current rise from 1.3176 short term bottom would target 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. On the downside, however, break […]