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Daily Pivots: (S1) 0.8474; (P) 0.8506; (R1) 0.8534; More… No change in USD/CHF’s outlook and intraday bias stays neutral for now. Further decline is expected as long as 0.8540 resistance holds. Break of 0.8339 will resume the fall from 0.9223 and target 0.8332 low. However, considering bullish convergence condition in 4H MACD, firm break of […]

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GBP/USD Daily Outlook

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05/08/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.40; (P) 147.59; (R1) 148.76; More… Intraday bias in USD/JPY remains on the downside for the moment. Current fall from 161.94 should target 140.25 support next. On the upside, above 146.40 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another fall. In the bigger picture, the strong […]
07/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3562; (P) 1.3581; (R1) 1.3613; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On […]
30/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2666; (P) 1.2712; (R1) 1.2748; More… No change in GBP/USD’s outlook as consolidation from 1.2826 is still extending. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise […]