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Daily Pivots: (S1) 1.2884; (P) 1.2911; (R1) 1.2935; More… Intraday bias in GBP/USD remains neutral for the moment. Further rally is expected for now. Break of 1.3043 will resume the rise from 1.2298 and target 100% projection of 1.2298 to 1.2859 from 1.2612 at 1.3173, which is slightly above 1.3141 key medium term resistance. However, […]

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25/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3637; (P) 1.3672; (R1) 1.3695; More… USD/CAD’s extended fall from 1.3790 suggests that rebound form 1.3589 has completed. Corrective pattern from 1.3845 is now in the third leg. Intraday bias is back on the downside for 1.3589 support. Break there will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. […]
03/04/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9050; (P) 0.9071; (R1) 0.9100; More…. Intraday bias in USD/CHF stays on the upside at this point. Current rally is in progress for 0.9243 key resistance next. On the downside, break of 0.9005 support is needed to indicate short term topping. Otherwise, outlook will stay bullish in case of retreat. In the […]
20/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2577; (P) 1.2604; (R1) 1.2623; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias stays neutral at this point. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of […]