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Daily Pivots: (S1) 0.8587; (P) 0.8648; (R1) 0.8690; More…. Intraday bias in USD/CHF remains mildly on the downside for 0.8487 minor support. Break there will argue that rebound from 0.8332 has completed at 0.8727, after rejection by 55 D EMA (now at 0.8686). Deeper fall would be seen to retest 0.8332 low. On the upside, […]

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27/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8668; (P) 0.8677; (R1) 0.8687; More… Intraday bias in EUR/GBP stays on the upside despite some loss of upside momentum. Current rebound from 0.8548 would target 0.8764 key resistance next. EUR/GBP’s rebound from 0.8548 is still in progress and intraday bias remains on the upside. Further rise should be seen to 0.8764 […]
01/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3694; (P) 1.3739; (R1) 1.3824; More… USD/CAD’s break of 1.3730 minor resistance suggests that pullback from 1.3845 has completed at 1.3613. Intraday bias is back on the upside for retesting 1.3845 first. Firm break there will resume larger rise from 1.3176 towards 1.3976 key resistance next. For now, risk will stay on […]
22/08/2024

EUR/GBP Mid-Day Outlook

Daily Pivots: (S1) 0.8502; (P) 0.8524; (R1) 0.8538; More…. EUR/GBP’s fall from 0.8624 resumed by breaking through 0.8507 temporary low as well as 55 D EMA (now at 0.8498. Intraday bias is back on the downs for 61.8% retracement of 0.8382 to 0.8624 at 0.8474. Firm break there will argue that recent down trend is […]