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Daily Pivots: (S1) 1.3050; (P) 1.3092; (R1) 1.3126; More… GBP/USD’s fall from 1.3433 short term top is still in progress. Strong support should be seen from 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999) to contained downside. Above 1.3174 minor resistance will turn bias back to the upside for stronger rebound. However, […]

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14/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3725; (P) 1.3737; (R1) 1.3754; More… USD/CAD’s fall from 1.3946 resumed after brief consolidations and intraday bias is back on the downside sustained trading below 55 D EMA (now at 1.3726) will dampen the original bullish view and bring deeper decline back towards 1.3588 support. On the upside, above 1.3764 minor resistance […]
14/12/2023

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6261; (P) 1.6371; (R1) 1.6438; More.. EUR/AUD’s decline resumed by breaking through 1.6267 support and intraday bias is back on the downside. Current fall from 1.7062 should target 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 next. For now, outlook will remain bearish as long as 1.6478 resistance holds, in […]
04/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0808; (P) 1.0825; (R1) 1.0857; More… Intraday bias in EUR/USD remains neutral as range trading continues below 1.0887. On the upside, break of 1.0887 and sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. Stronger rally would then be seen back to […]