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Daily Pivots: (S1) 1.2875; (P) 1.2927; (R1) 1.2970; More… Range trading continues in GBP/USD and intraday bias stays neutral. Further decline is expected as long as 1.3042 resistance holds. Below 1.2842 will resume the fall from 1.3433 to 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bullish convergence condition in 4H MACD, firm […]

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04/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3507; (P) 1.3535; (R1) 1.3579; More… While USD/CAD’s recovery from 1.3439 extended, upside is capped below 1.3617 resistance. Intraday bias remains neutral and further decline is still expected. On the downside, break of 1.3439 and sustained trading below 61.8% retracement of 1.3091 to 1.3946 at 1.3418 will pave the way to 1.3091/3176 […]
11/11/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 152.07; (P) 152.72; (R1) 153.30; More… USD/JPY recovers notably today but stays below 154.70 temporary top. Intraday bias remains neutral at this point. Further rise is expected as long as 151.27 support holds. Above 154.70 will resume the rally from 139.57 towards 161.94 high. However, considering bearish divergence condition in 4H MACD, […]
24/01/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8659; (P) 0.8694; (R1) 0.8737; More…. Intraday bias in USD/CHF is mildly on the upside at this point. Sustained trading above 38.2% retracement of 0.9243 to 0.8332 at 0.8680 and 55 D EMA (now at 0.8686) will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8632 minor support […]