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Daily Pivots: (S1) 1.3577; (P) 1.3609; (R1) 1.3653; More… USD/CAD’s rebound from 1.3418 is still in progress and intraday bias stays on the upside. Decisive break of 38.2% retracement of 1.3946 to 1.3418 at 1.3505 will target 61.8% retracement at 1.3559 next. On the downside, below 1.3566 minor support will turn intraday bias neutral first. […]

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21/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9087; (P) 0.9098; (R1) 0.9118; More…. Intraday bias in USD/CHF is mildly on the upside with breach of 0.9101 resistance. Corrective fall from 0.9223 might have completed with three waves down to 0.8987 already. Further rally should be seen back to retest 0.9223. On the downside, though, break of 0.8987 will resume […]
11/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3695; (P) 1.3735; (R1) 1.3782; More… Intraday bias in USD/CAD remains on the upside as rise from 1.3418 is in progress. Sustained trading above 61.8% retracement of 1.3946 to 1.3418 at 1.3559 will target 1.3946 high again. On the downside, below 1.3702 minor support will turn intraday bias neutral first. In the […]
08/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2903; (P) 1.2956; (R1) 1.3040; More… Intraday bias in GBP/USD stays neutral as sideway trading continues. With 1.3047 resistance intact, further decline is still expected. Firm break of 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H MACD, […]