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EUR/AUD edged lower to 1.6267 last week but recovered since then. Initial bias remains neutral this week for more consolidations. But outlook will stay bearish as long as 1.6515 resistance holds. On the downside, break of 1.6267 will resume the whole decline from 1.7062 to 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106 […]

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21/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3602; (P) 1.3618; (R1) 1.3641; More… USD/CAD is staying in consolidation above 1.3589 and intraday bias stays neutral. On the downside, break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Also, sustained trading below 55 D EMA (now at 1.3628) […]
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GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2679; (P) 1.2711; (R1) 1.2740; More… Range trading continues in GBP/USD and intraday bias remains neutral. Deeper pull back cannot be ruled out. But downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has completed. Further rise should […]
10/04/2024

GBP/USD Daily Outlook

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