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Daily Pivots: (S1) 150.29; (P) 150.75; (R1) 151.21; More… USD/JPY’s break of 151.38 minor resistance suggests that corrective pullback form 153.26 has completed at 149.37 already. Intraday bias is back on the upside for retesting 153.26 resistance first. Firm break there will resume whole rise from 139.8y towards 158.86 resistance. On the downside, however, below […]

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13/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3682; (P) 1.3722; (R1) 1.3764; More… Despite steep retreat, USD/CAD recovered strongly ahead of 1.2662 support. Intraday bias stays neutral first. On the upside, above 1.3790 will resume the rebound from 1.3589 to retest 1.3845 high. Firm break there will resume larger rally. Nevertheless, break of 1.3662 will turn bias to the […]
21/01/2024

USD/CAD Weekly Outlook

USD/CAD rebounded further to 1.3540 last week, but retreated since then. Initial bias remains neutral this week for some consolidations first. Current development suggests that fall from 1.3897 has already completed. Further rally is expected as long as 1.3342 minor support holds. Above 1.3540 will target 1.3617 cluster resistance (61.8% retracement of 1.3897 to 1.3176 […]
23/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0805; (P) 1.0834; (R1) 1.0852; More… EUR/USD recovers ahead of 1.0810 resistance turned support. Intraday bias stays neutral at this point. On the upside, break of 1.0894 will resume the rise from 1.0601 to 1.0980 resistance. Decisive break there will confirm that whole fall from 1.1138 has completed at 1.0601 already. However, […]