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Daily Pivots: (S1) 1.3327; (P) 1.3366; (R1) 1.3387; More… While USD/CAD is losing upside momentum, further rise remains mildly in favor with 1.3286 minor support intact. Current rise from 1.3176 short term bottom would target 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. […]

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EUR/USD Mid-Day Outlook

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19/07/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6195; (P) 1.6240; (R1) 1.6291; More… EUR/AUD’s rebound from 1.5996 lost momentum after hitting 1.6282. Intraday bias is turned neutral first. Further rise is in favor as long as 1.6171 minor support holds. Correction from 1.7062 might have completed with three waves down to 1.5996, after hitting 1.6000 fibonacci support. Above 1.6282 […]
22/03/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0864; (P) 1.0894; (R1) 1.0951; More… Intraday bias in EUR/USD stays mildly on the downside at this point. Pull back from 1.0980 has possibly completed at 1.0834, after drawing support from 55 D EMA. Firm break of 1.0980 resistance will resume the rise from 1.0694. On the downside, sustained trading below 55 […]
06/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9001; (P) 0.9055; (R1) 0.9104; More…. Intraday bias in USD/CHF remains on the downside for the moment. Sustained break of 55 D EMA (now at 0.8989) will bring deeper fall to 38.2% retracement of 0.8332 to 0.9223 at 0.8883. On the upside, above 0.9087 minor resistance will turn intraday bias again first. […]