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Daily Pivots: (S1) 1.3028; (P) 1.3074; (R1) 1.3137; More… GBP/USD’s firm break of 1.3043 confirms resumption of whole rally from 1.2998. Intraday bias stays on the upside for 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124, which is close to 1.3141 high. Decisive break there will confirm larger up trend resumption for 100% […]

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20/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6417; (P) 1.6506; (R1) 1.6555; More… Immediate focus is now on 1.6474 support in EUR/AUD. Decisive break there will argue that rise from 1.5996 has completed, and dampen the larger bullish view. Intraday bias will be back on the downside for deeper fall towards 1.5996 in this case. Nevertheless, strong rebound from […]
01/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9128; (P) 0.9162; (R1) 0.9231; More…. Intraday bias in USD/CHF remains on the upside for 0.9243 resistance. Decisive break there will carry larger bullish implications. Next target will be 61.8% projection of 0.8728 to 0.9151 from 0.9009 at 0.9270. For now, near term outlook will stay bullish as long as 0.9087 support […]
11/06/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9622; (P) 0.9656; (R1) 0.9686; More…. Intraday bias in EUR/CHF stays on the downside at this point. Deeper fall would be seen to 0.9563 support. Decisive break there will argue that whole rise from 0.9252 has completed, and bring deeper fall to 61.8% retracement of 0.9252 to 0.9928 at 0.9510. On the […]