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USD/CAD’s decline from 1.4791 resumed last week but lost momentum again ahead of 61.8% projection of 1.4414 to 1.3749 from 1.4014 at 1.3603. Initial bias is turned neutral this week first. Considering bullish convergence condition in 4H MACD, firm break of 1.3741 will indicate short term bottoming. Stronger rebound then be seen to 1.4014 resistance, […]

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AUD/USD Weekly Report

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AUD/USD Daily Report

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08/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8757; (P) 0.8793; (R1) 0.8813; More…. USD/CHF is staying in range below 0.8891 and outlook is unchanged. Intraday bias stays neutral and further rally remains in favor. On the upside, break of 0.8891 will resume the whole rebound from 0.8332 towards 0.9243 key resistance. Nevertheless, break of 0.8741 support will turn bias […]
06/04/2024

AUD/USD Weekly Report

AUD/USD rebounded notably last week but upside was capped at 0.6618 and retreated. Initial bias is turned neutral this week first. On the upside, above 0.6618 will bring further rally to 0.6666 resistance. Break there will resume whole rebound from 0.6442. however, break of 0.6480 support will bring retest of 0.6442 low instead. In the […]
27/08/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8450; (P) 0.8463; (R1) 0.8475; More…. Intraday bias in EUR/GBP remains on the downside despite some loss of momentum as seen in 4H MACD. Fall from 0.8624 is in progress for retesting 0.8382 low. Decisive break there will resume larger down trend. On the upside, above 0.8491 minor resistance will turn intraday […]