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Daily Pivots: (S1) 1.4351; (P) 1.4401; (R1) 1.4497; More… USD/CAD’s rally accelerates further higher and breaks through 1.4391 medium term projection level. There is no sign of topping yet and intraday bias stays on the upside, Next target is 1.4667 long term resistance. On the downside, below 1.4304 minor support will turn intraday bias neutral […]

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30/10/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2976; (P) 1.2996; (R1) 1.3033; More… GBP/USD dips notably today but stays in range above 1.2906, and intraday bias remains neutral. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, […]
01/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8609; (P) 0.8630; (R1) 0.8645; More…. Intraday bias in EUR/GBP remains on the downside at this point. As noted before, corrective rebound from 0.8491 could have completed at 0.8764 already. Decisive break of 0.8614 support will target a retest on 0.8491 low. On the upside, above 0.8661 minor resistance will turn intraday […]
06/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2672; (P) 1.2704; (R1) 1.2736; More… Gold’s rise from 1.2517 resumed by breaking through 1.2708 and intraday bias is back on the upside. Further rally would be seen to 1.2826 resistance first. Firm break there will target 61.8% projection of 1.2036 to 1.2826 from 1.2517 at 1.3005 next. For now, further rise […]