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Daily Pivots: (S1) 1.4388; (P) 1.4416; (R1) 1.4455; More… Intraday bias in USD/CAD remains neutral for the moment. On the upside, break of 1.4466 will resume larger up trend to 1.4667/89 long term resistance zone. However, break of 1.4279 will extend the corrective pattern from 1.4466 with another falling leg. In the bigger picture, up […]

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13/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2751; (P) 1.2788; (R1) 1.2829; More… Intraday bias in GBP/USD remains neutral for the moment. Further rally will remain in favor as long as 55 4H EMA (now at 1.2755) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]
26/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3629; (P) 1.3680; (R1) 1.3710; More… Intraday bias in USD/CAD is back on the downside with break of 1.3660 support. Fall from 1.3845 short term top would extend to 55 D EMA (now at 1.3597). On the upside, above 1.3730 minor resistance will turn bias back to the upside for retesting 1.3845 […]
12/12/2023

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0744; (P) 1.0762; (R1) 1.0781; More… Intraday bias in EUR/USD remains neutral at this point. Further decline is expected with 1.0816 minor resistance intact. Break of 1.0722, and sustained trading below 55 D EMA (now at 1.0770) will extend the fall from 1.1016 short term top to retest 1.0447 support. However, on […]