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Daily Pivots: (S1) 1.2928; (P) 1.2964; (R1) 1.2992; More… Range trading continues in GBP/USD and intraday bias remains neutral for the moment. 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 […]

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06/05/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6231; (P) 1.6292; (R1) 1.6345; More… Intraday bias in EUR/AUD remains on he downside for the moment. Current fall from 1.6742 is seen as the third leg of the corrective pattern from 1.7062. Deeper decline should be seen to expected to 1.6127 support, or further to 100% projection of 1.7062 to 1.6127 […]
20/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2661; (P) 1.2711; (R1) 1.2782; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.2793 is still extend. Overall, further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% projection of 1.2068 to 1.2731 […]
09/10/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0962; (P) 1.0980; (R1) 1.0998; More…. Intraday bias in EUR/USD remains neutral for consolidations above 1.0950 temporary low. Fall from 1.1213 short term top is expected to continue as long as 1.1082 resistance holds. Below 1.0950 will target 38.2% retracement of 1.0447 to 1.1213 at 1.0920. Sustained break there will argue that […]