Sun, Apr 18, 2021 @ 11:48 GMT
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Technical Outlook

EUR/USD Weekly Outlook

EUR/USD rose further to 1.1994 last week, but struggled to break through 1.1988 resistance decisively. Initial bias is neutral this week for some consolidations first. Further rally will remain in favor as long as 1.1876 support holds. Sustained trading above 1.1988 resistance will affirm our bullish view that correction...

USD/JPY Weekly Outlook

USD/JPY's corrective fall from 110.95 continued last week but started to lose downside momentum, as seen in 4 hour MACD. Further decline will remain in favor this week as long as 109.95 resistance holds. But we'd expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to...

GBP/USD Weekly Outlook

GBP/USD recovered after drawing support from 1.3669 last week. Initial bias remains neutral this week first. Another fall will remain in favor as long as 1.3917 resistance holds. Below 1.3668 will extend the fall from 1.4240 to 1.3482 key resistance turned support. On the upside, firm break of 1.3917...

USD/CHF Weekly Outlook

USD/CHF extended the decline from 0.9471 last week but struggled to take out 38.2% retracement of 0.8756 to 0.9471 at 0.9198 decisively. Initial bias remains neutral this week first. On the downside, sustained break of 0.9198 will extend the decline to 61.8% retracement at 0.9029. On the upside, break...

AUD/USD Weekly Outlook

AUD/USD rebounded to 0.7760 last week but retreated since then. Initial bias is neutral this week first. We're favoring the case that correction from 0.8006 has completed with three waves down to 0.7530. Above 0.7760 will extend the rebound to 0.7848 resistance first. Break there should confirm this bullish...

USD/CAD Weekly Outlook

USD/CAD dipped to 1.2475 last week but recovered. Initial bias remains neutral this week first. Corrective rise from 1.2363 might have completed at 1.2646 already, after hitting 55 day EMA. Below 1.2475 will bring retest of 1.2363 low first. Break will resume larger down trend from 1.4667. Overall, outlook...

GBP/JPY Weekly Outlook

GBP/JPY declined last week as consolidation from 153.39 continued. Outlook is so far unchanged. Initial bias stays neutral this week first. In case of deeper fall, downside should be contained by 148.50 support to bring rebound. On the upside, break of 153.39 will resume the whole rise from 123.94...

EUR/JPY Weekly Outlook

EUR/JPY continued to struggle below 130.65 resistance last week and outlook is unchanged. Initial bias remains neutral this week first. On the upside, decisive break of 130.65 will resume the whole rally from 114.42, for 100% projection of 114.42 to 127.07 from 121.63 at 134.28. On the downside, break...

EUR/GBP Weekly Outlook

EUR/GBP edged higher to 0.8718 but continued to lose upside momentum. Initial bias is neutral this week first. Another rise is in favor as long as 0.8638 minor support holds. On the upside, above 0.8718 will resume the rebound from 0.8470 to 38.2% retracement of 0.9291 to 0.8470 at...

EUR/AUD Weekly Outlook

EUR/AUD dropped to 1.5423 last week, but stabilized there and recovered. Initial bias is turned neutral this week and outlook is unchanged. Consolidation pattern from 1.5250 low might extend further. On the downside, break of 1.5423 will target 1.5355 support, and then 1.5250. On the upside, break of 1.5672...

EUR/CHF Weekly Outlook

EUR/CHF rebounded strongly last week, after hitting 55 day EMA. But upside was limited well below 1.1116 resistance and it retreated. Initial bias remains neutral this week first. Consolidation pattern from 1.1149 could extend further. But in case of another fall, we'd continue to expect strong support from 1.0954...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.59; (P) 108.79; (R1) 108.96; More... No change in USD/JPY's outlook as corrective fall from 110.95 could extend lower through 108.40 support. Still, we'd expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above 109.95 will bring retest...

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9205; (P) 0.9225; (R1) 0.9244; More.... USD/CHF edges lower today but there is no follow through selling so far. Focus stays on 38.2% retracement of 0.8756 to 0.9471 at 0.9198. Sustained trading below this level will extend the fall from 0.9471 to 61.8% retracement at 0.9029. On...

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3758; (P) 1.3783; (R1) 1.3805; More... Intraday bias in GBP/USD remains neutral as range trading continues. Deeper fall is still in favor with 1.3917 resistance intact. On the downside, break of 1.3668/9 will resume the correction from 1.4240 to 1.3482 key resistance turned support. However, firm break...

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1950; (P) 1.1972; (R1) 1.1987; More.... No change in EUR/USD's outlook as focus stays on 1.1988 resistance. Decisive break there should affirm the case that correction from 1.2348 has completed at 1.1703. Further rally should then be seen to retest 1.2242/2348 resistance zone. On the downside, below...

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.1950; (P) 1.1972; (R1) 1.1987; More.... Focus stays on 1.1988 resistance in EUR/USD. Decisive break there should affirm the case that correction from 1.2348 has completed at 1.1703. Further rally should then be seen to retest 1.2242/2348 resistance zone. On the downside, below 1.1876 minor support will...

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3758; (P) 1.3783; (R1) 1.3805; More... GBP/USD is staying in range above 1.3668 and intraday bias remains neutral first. Deeper fall is still in favor with 1.3917 resistance intact. On the downside, break of 1.3668/9 will resume the correction from 1.4240 to 1.3482 key resistance turned support....

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9205; (P) 0.9225; (R1) 0.9244; More.... Intraday bias in USD/CHF remains neutral at this point. Break of 0.9258 minor resistance will argue that corrective pull back from 0.9471 has completed. Intraday bias will be turned back to the upside for retesting this high. However, on the downside,...

USD/JPY Daily Outlook

Daily Pivots: (S1) 108.59; (P) 108.79; (R1) 108.96; More... Intraday bias in USD/JPY stays mildly on the downside, as corrective fall from 110.95 could extend lower through 108.40 support. Still, we'd expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring rebound. On the upside, above...

AUD/USD Daily Report

Daily Pivots: (S1) 0.7718; (P) 0.7739; (R1) 0.7773; More... With 0.7676 minor support intact, further rise is expected in AUD/USD. Rebound from 0.7530 should target 0.7848 resistance. Firm break there should confirm completion of the corrective fall from 0.8006 at 0.7530. Retest of 0.8006 high should be seen next. On...

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.2496; (P) 1.2528; (R1) 1.2578; More... USD/CAD recovered after hitting 1.2475 and intraday bias is turned neutral first. On the upside, break of 1.2646 will resume the rebound from 1.2363. But overall outlook will stay bearish as long as 1.2742 resistance holds, and eventual downside breakout is...

EUR/CHF Daily Outlook

Daily Pivots: (S1) 1.1022; (P) 1.1043; (R1) 1.1056; More.... Intraday bias in EUR/CHF remains neutral as consolidation from 1.1149 could extend further. But in case of another fall, we'd continue to expect strong support from 1.0954 to bring rebound, and then rally resumption. On the upside, break of 1.1116 will...

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8671; (P) 0.8684; (R1) 0.8699; More... With 0.8638 minor support intact, further rise is expected in EUR/GBP. Rebound from 0.8470 short term bottom should target 38.2% retracement of 0.9291 to 0.8470 at 0.8784. On the downside, however, below 0.8620 minor support will bring retest of 0.8470 support...

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.5400; (P) 1.5468; (R1) 1.5505; More... Intraday bias in EUR/AUD remains mildly on the downside for 1.5355 support. Break there will bring retest of 1.5250 low. On the upside, above 1.5672 will extend the consolidation from 1.5250 with another rise. But upside should be limited by 38.2%...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 149.63; (P) 149.92; (R1) 150.14; More... Outlook in GBP/JPY is unchanged as it's staying in consolidation from 153.39. Intraday bias remains neutral first. In case of deeper fall, downside should be contained by 148.50 support to bring rebound. On the upside, break of 153.39 will resume the...

EUR/JPY Daily Outlook

Daily Pivots: (S1) 129.93; (P) 130.25; (R1) 130.48; More.... EUR/JPY continues to engage in range trading below 103.65 and intraday bias remains neutral. On the downside, break of 129.56 minor support will extend the consolidation from 130.65 with another fall. Intraday bias will be turned back to the downside...

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.1957; (P) 1.1972; (R1) 1.1996; More.... Intraday bias in EUR/USD remains on the upside with focus on 1.1988 resistance. Decisive break there should affirm the case that correction from 1.2348 has completed at 1.1703. Further rally should then be seen to retest 1.2242/2348 resistance zone. On the...

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3748; (P) 1.3779; (R1) 1.3807; More... Intraday bias in GBP/USD remains neutral and deeper fall is still in favor with 1.3917 resistance intact. On the downside, break of 1.3668/9 will resume the correction from 1.4240 to 1.3482 key resistance turned support. However, firm break of 1.3917 will...

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 108.75; (P) 108.93; (R1) 109.10; More... Intraday bias in USD/JPY remains on the downside for the moment. Corrective fall from 110.95 is still in progress for 108.40 support and possibly below. Still, we'd expect strong support from 38.2% retracement of 102.58 to 110.95 at 107.75 to bring...

GBP/JPY Daily Outlook

Daily Pivots: (S1) 149.62; (P) 150.04; (R1) 150.49; More... GBP/JPY is staying in consolidation from 153.39 and intraday bias remains neutral for the moment. In case of deeper fall, downside should be contained by 148.50 support to bring rebound. On the upside, break of 153.39 will resume the whole rise...