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USD/CAD rose to 1.4014 last week but turned sideway since then. Initial bias remains neutral this week, and further rise is expected as long as 1.3898 support holds. Above 1.4014 will resume the rebound from 1.3749 short term bottom to 1.4150 cluster resistance (38.2% retracement of 1.4791 to 1.3749 at 1.4147). However, firm break of […]

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13/11/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8294; (P) 0.8315; (R1) 0.8354; More… Intraday bias in EUR/GBP is turned neutral again with break of 0.8324 minor resistance. Some consolidations could be seen but further decline is expected as long as 0.8446 resistance holds. Break of 0.8259 will resume larger down trend to 0.8201 key support. In the bigger picture, […]
23/09/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 159.00; (P) 160.08; (R1) 161.73; More…. Intraday bias in EUR/JPY stays on the upside at this point. Rise from 155.14, ,as the third leg of the corrective pattern from 154.40, is in progress for 163.86 resistance. Break there will target 61.8% retracement of 175.41 to 154.40 at 167.38. On the downside, though, […]
19/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3470; (P) 1.3498; (R1) 1.3515; More… Intraday bias in USD/CAD remains neutral as consolidation continues below 1.3540 temporary top. Further rally is expected as long as 1.3342 support holds. Above 1.3540 will resume the rise from 1.3176 to 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 at 1.3622). Decisive break there […]