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Daily Pivots: (S1) 0.8414; (P) 0.8422; (R1) 0.8433; More…. Intraday bias in EUR/GBP stays neutral as consolidation from 0.8382 is still in progress. Outlook continues to stay bearish with 0.8498 resistance intact. Firm break of 0.8382 will resume larger down trend next target will be 138.2% projection of 0.8764 to 0.8497 from 0.8463 at 0.8274. […]

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20/04/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3845 last week but retreated since then. Initial bias remains neutral this week and more consolidations could be seen. Downside should be contained by 1.3660 support to bring another rally. On the upside, firm break of 1.3845 will resume the whole rally from 1.3716 to 1.3976 key resistance. In the bigger […]
05/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3610; (P) 1.3648; (R1) 1.3679; More… Intraday bias in USD/CAD remains neutral first. Break of 1.3589 will resume the corrective fall from 1.3845 to 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. Strong support would be seen there to bring rebound. On the upside, above 1.3686 minor resistance will turn […]
03/08/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rise from 1.5996 extended through 1.6742 resistance last week despite interim pullback. The development strengthens the case that corrective fall from 1.7062 has completed with three waves down to 1.5998. Initial bias is on the upside this week for retesting 1.7062 high. On the downside, break of 1.6474 support is needed to indicate short […]