USDCAD has bottomed out at 1.3305. The support zone is between 1.331 and 1.336 where a possible bullish move is expected to extend toward 1.35. As long as the pair holds above 1.33, the bullish bias is expected toward 1.35 by the end of this month. Support=1.331/1.336 Resistance=1.35/1.352 Risk=1.3215
NZDCAD is expected to remain within a range between 0.825 and 0.839 throughout the balance of this month which might create an opportunity to buy dip and sell the rip. Support zone=0.823/0.825 Resistance zone = 0.838/0.839 Time horizon= April 28, 2023 Downside risk=0.791 Upside risk=0.844
GBPNZD is approaching toward a resistance zone between 2.013 and 2.017 where it is likely to create an opportunity for a bearish bias. If the pair does not hold 2.017, the ongoing bullish trend would continue to grind higher. Resistance = 2.013/2.017 Target = 1.97/1.98 Risk=2.25/2.1
GBPCAD has reached a support at 1.654 mark where it may lead to a short-term move toward two key levels around 1.666 or 1.677. As long as the pair holds below 1.666 and 1.677, a bearish path toward 1.63 is one of the possible scenario within the balance of this month.
USDCAD is approaching toward a key level at 1.331 where it is likely to rebound toward 1.35 mark. If 1.33 does hold, a short-term bullish move as much as 1.5% is expected. Risk = 1.30 Resistance = 1.35 Key level=1.331
EURGBP appeared to have breached a key level around 0.8815 which suggests a short-term bullish bias. As long as the pair trades above 0.8815, bullish scenario is in the cards. Risk=0.8815 Resistances =0.887 and 0.892
EURJPY pair has reached a key level around 146.5 which it implies a possible pull-back toward 142/144 area. Key reversal=146.5 Risk = 147/148.2 Target zone=142/144
long-term bullish market in U.S. Dollar has come to an end during 2022 and bearish bias is expected to continue throughout 2023 and 2024. Targets are seen around 95.6 and 88.2 mark. Major resistances are at 103 and 105 levels.
USDCAD is likely to change course if the pair reaches to a key level at 1.331. Key level=1.331 Target=1.38 Risk=1.3 Bias: Bullish
EURNZD is approaching toward a key level around 1.754 where it may trigger a pull-back toward 1.72 by the end of next week. Risk=1.77 Resistance=1.754 Target=1.72 Period: By Jun 14,2023
Adobe stock's price has been rising within the last two quarters indicating a bullish bias. Upside potential would be the area between 425 and 470. Bias=Bullish Support=337/356 Risk=270/320 Upside potential=425/470 Period=Jun 2023
USDJPY has reached a key level at 130.7 setting a stage for a rebound toward 132.2. Target=132.2 key level=130.7
EURCAD is likely to move toward 1.45 by the end of this month, if a key resistance zone between 1.478 and 1.4815 holds. Resistance zone = 1.478/1.4815 Target zone = 1.445/1.45 Upside risk = 1.495
EURGBP is likely to rebound if the pair approaches to a key level around 0.869. Support=0.869 Resistance zone =0.885/0.887 Risk=0.864
Second Quarter Outlook USDCAD is expected to remain bearish throughout the second quarter of this year. Target zone is the area between 1.30 and 1.32. Short-term Outlook The outlook for the balance of this week is bearish. Support is around 1.36 where it can create a short-term rally. Resistance =1.373 March 31 Target zone=1.36/1.346
USDCAD recent rising trend shows signs of exhaustions indicating a possible bearish bias toward 1.3602 and 1.3465. If the pair starts to rise between 1.375 and 1.38, it creates an opportunity to set up a bearish case. Resistances= 1.3877 and 1.4014 Bearish Entry zone=1.375/1.38 Possible bounce=1.3602 Key support=1.3465 Target zone=1.3465/1.3602 Period= Mar 26 to...
CADCHF pair appeared to have bottomed out around 0.663 and is likely to rebound toward 0.68 mark.
AUDUSD is likely to move toward 0.6775 by the end of this week. As long as the pair trades above 0.658, Bullish move toward 0.6709 and 0.6775 is in the cards.