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Daily Pivots: (S1) 0.8510; (P) 0.8527; (R1) 0.8542; More… Intraday bias in EUR/GBP is turned neutral first with today’s strong recovery. Immediate focus is now on 0.8563 minor resistance. Firm break there will suggest short term bottoming, on bullish convergence condition in 4H MACD. Intraday bias will be turned to the upside for stronger rebound […]

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20/04/2024

USD/CAD Weekly Outlook

USD/CAD edged higher to 1.3845 last week but retreated since then. Initial bias remains neutral this week and more consolidations could be seen. Downside should be contained by 1.3660 support to bring another rally. On the upside, firm break of 1.3845 will resume the whole rally from 1.3716 to 1.3976 key resistance. In the bigger […]
17/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6651; (P) 0.6682; (R1) 0.6711; More… Intraday bias in AUD/USD is turned neutral with current retreat. Some consolidations would be seen below 0.6713 temporary top first. But further rally is expected as long as 0.6578 support holds. As noted before, fall from 0.6870 has probably completed with three waves down to 0.6361 […]
04/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2645; (P) 1.2680; (R1) 1.2747; More… Intraday bias in GBP/USD remains neutral and consolidation from 1.2731 could extend further. But further rally is expected as long as 1.2590 minor support holds. On the upside, decisive break of 1.2731 will resume the rally from 1.2036 for retesting 1.3141 high next. In the bigger […]