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Short-term Outlook USDCAD overall rising sentiment is likely to continue throughout September, However in short-term there might be a pull-back where it could create an opportunity to buy dip. Supports are seen around two key levels between 1.3125 and 1.32. Initial target would be around 1.339 and then 1.3645. As long price trades above 1.3125, the bullish...

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EURJPY has topped out at Sep 12 and is heading toward 142. As long as it trades below 143.5, it is likely to remain bearish.

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USDCAD is likely to continue bullish bias toward key level around 1.336. Key support zone is between 1.312 and 1.315. There is a minor resistance around 1.322 which probably market would breach this level toward 1.34 for the next two weeks. As long as 1.312 holds, USDCAD is expected to remain bullish.

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EURUSD has found a short-term support at 0.995 and as long as this level holds, the ongoing trading range between 1.01 and 0.995 would continue for the balance of this month. If EURUSD rate reaches up to 1.02 once again, it would signal that bearish bias has weakened. If such scenario happens, rate would be supporting around 1.00 and bias would turn toward...

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EURGBP bearish bias has started. Targets are seen around 0.856 and 0.843

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Historical data suggests that S&P500 is not cheap or fairly valued. Even though S&P500 is slipping from the record high, based on historical data stocks seem to be highly valued. looking at the channel depicted on the S&P500 chart since 1940, upper channel line implies that stocks are highly valued while channel's middle line suggests that price is fairly valued....

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SILVER is approaching to a key level around 20.28 where possible reversal is in the cards.

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EURGBP has reached to a key resistance zone between 0.87 and 0.872. As long as EURGBP rate holds below 0.872, the pull-back toward 0.858 is in the cards.

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Short-term Outlook USDCAD failure to break above 1.3208 has led to another short-term pull-back. It is unlikely that recent downward move could turn into broader bearish sentiment. In one possible scenario If price comes down more, it is expected to see a major rebound between 1.292 and 1.2875. Expected price range for Sep 12 to Sep 16 65% probability : 1.29 -...

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DXY is still moving in a rising channel , however upward trend may be challenged around 108/107.65 zone next week. As long as price holds above this area, DXY remains bullish . If price falls significantly below 107.65, it would signal a change in overall bullish trend that started since 2021. Support=108/107.65 Key resistances=109.75, 111.3 and 113.25

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GBPUSD has made a short-term bottom. There is a reversal opportunity around 1.146. If 1.14 holds then possible targets are 1.17 and 1.175.

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Since 2021 USDJPY is trending upward and it is too early to call for a change in sentiment. The trend seems strong and some may avoid to stay in front of current bullish bias. The long-term pattern points to targets around 148, 160 and 165 so we are not nowhere near the level that we should call for a change in overall direction. Recent upside move that started...

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USDCAD is bullish given 1-year base pattern and recent upside move. However in short-term there is a possible downside move toward a support zone between 1.305-1.309.

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There are many reasons that suggest EURUSD bearish sentiment is likely to continue for the next couple of weeks: 1- Long-term bearish pattern points to an area between 0.97/0.95 2- There is a well-defined bearish channel 3- No evidence of capitulation 4- Key level of 0.97 is not yet touched off 5- EURUSD rate still trades below 1.008/1.013 zone Resistances are...

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CADJPY bullish bias is likely to continue. The key level to watch is 107.2 and as long as CADJPY trades above this level, bullish sentiment continues. Major target is seen around 114

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USDCAD is heading toward 1.337 which is an initial target. Short-term volatility between 1.302 and 1.324 is expected. Support zone is seen around 1.302 and 1.306. It seems market would try to buy pull-backs until we get to 1.337 On the chart, 20 days linear regression with two standard deviations depicted which suggests possible boundaries within which market...

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EURCAD recently made a top around 1.324. A resistance zone between 1.316 and 1.321 offers an opportunity. As long as price trades below 1.326 and 1.33 ongoing bearish bias continues.

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EURUSD is unlikely to break above a resistance zone between 1.008/1.01 It seems that rate has stuck between 0.99 and 1.01; so trading range is expected to continue for a while