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Daily Pivots: (S1) 1.2705; (P) 1.2735; (R1) 1.2758; More… Immediate focus is now on 1.2611 support in GBP/USD with today’s fall. Firm break there will resume the decline from 1.2826 to 1.2499 support. Nevertheless, strong rebound from current level will retain near term bullishness. Decisive break of 1.2826 will resume whole rally from 1.2036. In […]

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17/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3567; (P) 1.3587; (R1) 1.3607; More… Intraday bias in USD/CAD remains neutral as sideway trading continues. On the downside, below 1.3545 minor support will suggest that recovery from 1.3439 has completed, turn bias to the downside for retesting this low. Nevertheless, decisive break of 38.2% retracement of 1.3946 to 1.3439 at 1.3633 […]
29/04/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9111; (P) 0.9130; (R1) 0.9165; More…. Intraday bias in USD/CHF remains neutral as sideway consolidation continues. On the upside, firm break of 0.9151 will resume the rally from 0.8332 and should target 0.9243 key resistance next. On the downside, break of 0.9085 will turn bias to the downside for deeper pullback. In […]
29/05/2024

USD/JPY Daily Outlook

Daily Pivots: (S1) 156.78; (P) 156.99; (R1) 157.40; More… Intraday bias in USD/JPY is back on the upside with breach of 157.18 temporary top. Rise from 151.86, as the second leg of the corrective pattern from 160.20, would target 100% projection of 151.86 to 156.78 from 153.59 at 158.51. On the downside, break of 156.57 […]