IBUY is likely to start bottoming around 43.8 level. Upside potential is seen between 46 and 48. If IBUY stock's price does not hold above 42.3, downside risk of 39 should be considered.
EURUSD is likely to move toward a range between 1.058 and 1.048 during this week. Key level to watch is 1.0758 If the pair is unable to hold below 1.0758, the upside risk would be the area between 1.08 and 1.085
AUDUSD is trading within a trading range between 0.692 and 0.702. Resistance = 0.702 Support = 0.692
GBPUSD is likely to remain flat between 1.206 and 1.222 for the balance of this week. Resistance = 1.222 Support = 1.212/1.206
EURCAD is likely to pull-back around 1.435 toward 1.425 by the end of this week. If the pair is not able to hold below 1.436, the upside risk of 1.445 should be considered.
EURCAD is likely to stay bearish as long as the pair holds below 1.435
A bearish move toward 1.44 is expected if the pair gets to a resistance zone between 1.46 and 1.466.
EURCAD is likely to roll back down toward 1.43 if the pair reaches around 1.446
XAUUSD has topped out and still no sign of change in bearish bias. XAUUSD: Resistance=1910, Support=1833
USDJPY is likely to bounce back up toward 132 if the pair starts to fall toward 129.2. Feb bullish target is seen around 134.6.
USDCHF is likely to rebound toward 0.93 after reaching key support zone between 0.917 and 0.92
GBPUSD is likely to climb higher toward 1.265. Short-term resistances are around 1.235 and 1.242. Downside risk is a fall toward 1.21 if the pair is unable to hold above 1.225.
USDJPY is approaching toward key supports at 1.275 and 1.269. The bullish case can be made if the pair holds above 1.269. 131.2 and 130.5 are two main key resistances to watch out for the next two weeks.
EURUSD is likely to continue its bullish bias toward 1.095 or higher within the balance of this month. If the pair holds above 1.07, the ongoing rising trend has more room to run. Supports : 1.07 and 1.074
AUDJPY is approaching toward key level at 87.5. Possible rebound is expected if the pair reaches the support zone.
NZDJPY is likely to change course if the pair holds above 81. Key resistance is seen around 84
GOLD is likely to pull back around $1890 an ounce where a key resistance is located. Supports is seen near 1830 mark.
Dollarama steadily rising trend seems to have stalled since Aug 2022 when stock price struggled to move above 83.5. Although the long-term bullish trend still is intact, however some signs of upside exhaustions indicate the possible downside risk toward a range between 73 and 75.4. Dollarama’s stock price is currently trading above 200-day moving average which...