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Daily Pivots: (S1) 0.8319; (P) 0.8337; (R1) 0.8347; More… Intraday bias in EUR/GBP remains neutral as consolidation from 0.8294 is in progress. Outlook will stay bearish as long as 0.8433 resistance holds. Break of 0.8294 will resume larger down trend to 0.8201 key support next. Strong support could be seen from there to bring rebound. […]

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17/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3592; (P) 1.3616; (R1) 1.3643; More… Intraday bias in USD/CAD is turned neutral with current recovery. But further fall is expected as long as 1.3689 resistance holds. Below 1.3589 temporary low will resume the decline from 1.3845 to 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Sustained trading below 55 […]
16/12/2023

EUR/CHF Weekly Outlook

While EUR/CHF’s recovery from 0.9402 extended last week, it failed to break through 0.9543 resistance and reversed from there. Initial bias remains neutral this week first, and further decline is expected. On the downside, firm break of 0.9407 will confirm larger down trend resumption. Next target is 61.8% projection of 0.9995 to 0.9416 from 0.9683 […]
14/08/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0938; (P) 1.0969; (R1) 1.1024; More….. EUR/USD’s break of 1.1007 confirms resumption of whole rally from 1.0665. Intraday bias is staying on the upside for 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058. Decisive break there could prompt upside acceleration through 1.1138 resistance to 161.8% projection at 1.1232. On the […]