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Daily Pivots: (S1) 1.2887; (P) 1.2941; (R1) 1.2974; More… GBP/USD’s fall from 1.3433 continues today and intraday bias stays on the downside. Deeper decline would be seen to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. On the upside, above 1.3070 minor resistance will turn intraday bias neutral and bring consolidations first, before staging another […]

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14/02/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8524; (P) 0.8535; (R1) 0.8542; More… EUR/GBP’s breach of 0.8512 support suggests that recent decline is resuming. Intraday bias is back on the downside for 0.8491. Break there will resume larger down trend to 0.8464 projection level. For now, break of 0.8571 resistance is needed to indicate short term bottoming. Otherwise, outlook […]
19/09/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9386; (P) 0.9405; (R1) 0.9427; More…. Intraday bias in EUR/CHF stays neutral at this point. Break of 0.9380 minor support will turn bias to the downside for 0.9305. Further break there will resume the decline from 0.9579 to retest 0.9209 low. Nevertheless, decisive break of 0.9444 will argue that the fall from […]
05/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3631; (P) 1.3665; (R1) 1.3709; More…. Range trading continues in USD/CAD and intraday bias remains neutral for the moment. On the upside, break of 1.3742 resistance will revive the case that correction from 1.3845 has completed at 1.3589. Intraday bias will be back on the upside for retesting 1.3845. On the downside, […]