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GBP/USD’s decline from 1.3433 resumed last week and fell to 1.2842 before recovering. Initial bias is neutral this week for consolidations first. But further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, firm break of 1.3042 will indicate short term bottoming, […]

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EUR/USD Weekly Outlook

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EUR/AUD Daily Outlook

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01/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6567; (P) 0.6609; (R1) 0.6647; More… Intraday bias in AUD/USD remains neutral for the moment. Some more consolidations could be seen below 0.6674 first. But further rally is expected as long as 0.6521 resistance turned support holds. On the upside, sustained break break of channel resistance (now at 0.6661) will argue that […]
08/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3445; (P) 1.3472; (R1) 1.3488; More… Intraday bias in USD/CAD remains neutral for the moment as sideway trading continues. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 has completed, and target this resistance. Nevertheless, firm break of […]
08/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.3072; (P) 1.3123; (R1) 1.3177; More… Intraday bias in GBP/USD is back on the downside with breach of 1.3069 temporary low. Fall from 1.3433 is in progress for 1.3000 cluster support (38.2% retracement of 1.2298 to 1.3433 at 1.2999). Strong support should be seen there to bring rebound. On the upside, above […]