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Daily Pivots: (S1) 0.6551; (P) 0.6585; (R1) 0.6613; More… Intraday bias in AUD/USD remains neutral for the moment. Risk will stay on the downside as long as 0.6689 resistance holds. Break of 0.6524 will resume the fall from 0.6689 short term top to 55 D EMA (now at 0.6496). Nevertheless, firm break of 0.6689 will […]

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07/01/2024

USD/CAD Weekly Outlook

USD/CAD’s strong rebound suggests short term bottoming at 1.3176, on bullish convergence condition in 4H MACD. Despite some loss of upside momentum, further rally is in favor this week as long as 1.3286 minor support holds, to 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement […]
31/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2653; (P) 1.2687; (R1) 1.2734; More… Intraday bias in GBP/USD remains neutral at this point, as sideway trading continues. Another fall 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 […]
29/08/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8401; (P) 0.8431; (R1) 0.8452; More….. USD/CHF’s fall from 0.9223 is in progress. Intraday bias stays on the downside for 61.8% projection of 0.9049 to 0.8431 from 0.8747 at 0.8365, and then 0.8332 low. On the upside, above 0.8484 minor resistance will turn intraday bias neutral. But outlook will remain bearish as […]