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Daily Pivots: (S1) 1.0787; (P) 1.0807; (R1) 1.0833; More… EUR/USD falls notably after rejection by 55 4H EMA (now at 1.0832), but stays above 1.0760 temporary low. Intraday bias remains neutral first. Further decline is expected as long as 1.0871 resistance holds. Below 1.0760 will target 61.8% retracement of 1.0447 to 1.1213 at 1.0740. Firm […]

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15/08/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2806; (P) 1.2838; (R1) 1.2857; More… Intraday bias in GBP/USD is turned neutral with current retreat and some consolidations would be seen below 1.2872 temporary top. But further rise is in favor as long as 1.2754 minor support holds. As noted before, pullback from 1.3043 could have completed at 1.2664 already. Above […]
19/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3363; (P) 1.3386; (R1) 1.3422; More… Intraday bias in USD/CAD is turned neutral with current recovery, and some consolidations would be seen. Risk will stay on the downside as long as 1.3479 support turned resistance holds. Rise from 1.3091 could have completed at 1.3897 already. Sustained trading below 1.3378 support will bring […]
06/02/2024

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 145.85; (P) 146.48; (R1) 147.07; More… No change in USD/JPY’s outlook as focus remains on 148.79 resistance. Firm break there will resume the rally from 140.25 to 151.89/93 key resistance zone. For now, further rise will remain in favor as long as 145.88 holds, in case of retreat. In the bigger picture, […]