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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 […]

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EUR/USD Daily Outlook

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08/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6494; (P) 0.6535; (R1) 0.6559; More… Intraday bias in AUD/USD remains neutral as rebound from 0.6348 is still struggling to extend through 0.6567 resistance decisively. On the downside, break of 0.6472 minor support will retain near term bearishness and bring retest of 0.6348 low first. However, strong break of 0.6567 will bring […]
03/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… No change in GBP/USD’s outlook as range trading continues. Intraday bias remains neutral at this point. On the upside, above 1.2568 will resume the rebound from 1.2298. Sustained break of 55 D EMA (now at 1.2577) will argue that fall from 1.2892 has completed already, and […]
01/04/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0772; (P) 1.0789; (R1) 1.0810; More… EUR/USD’s fall from 1.0980 continues today and intraday bias remains on the downside. Next target is 1.0694 support. Decisive break there will resume the whole decline from 1.1138 and target 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536. For now, risk will stay on […]