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Daily Pivots: (S1) 0.8283; (P) 0.8305; (R1) 0.8317; More… EUR/GBP’s decline accelerates lower today and intraday bias stays on the downside for 61.8% projection of 0.8624 to 0.8294 from 0.8446 at 0.8242. Break there will target 0.8201 key support. On the upside, above 0.8324 minor resistance will turn intraday bias neutral first. But outlook will […]

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04/06/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2732; (P) 1.2770; (R1) 1.2847; More….. GBP/USD’s rally from 1.2298 resumed by breaking through 1.2799 resistance. Intraday bias is back on the upside. Next target is 1.2892 resistance. For now, break of 1.2693 support is needed to indicate short term topping. Otherwise, outlook will stay cautiously bullish in case of retreat. In […]
23/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6301; (P) 1.6353; (R1) 1.6448; More… Intraday bias in EUR/AUD stays on the upside and outlook is unchanged Correction from 1.0762 has possibly completed with three waves down to 1.5996, after hitting 1.6000 fibonacci support. Firm break of 1.6148 resistance will solidify this bullish case and target 1.6742 resistance next. On the […]
15/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9047; (P) 0.9074; (R1) 0.9094; More…. USD/CHF is holding above 0.9005 support and intraday bias remains neutral first. Further decline is expected as long as 0.9101 resistance holds. On the downside, break of 0.9005 will resume the fall from 0.9223 to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. Nevertheless, break of […]