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Daily Pivots: (S1) 1.3487; (P) 1.3512; (R1) 1.3529; More… Range trading continues in USD/CAD and intraday bias stays neutral. More consolidations could be seen, but further rally is expected as long as 1.3357 support holds. On the upside, firm break of 1.3585 will resume the rebound from 1.3176 for 1.3897 resistance. In the bigger picture, […]

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06/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6481; (P) 0.6501; (R1) 0.6524; More… AUD/USD recovered after brief dip to 0.6476 and intraday bias is turned neutral first. Outlook will stay bearish as long as 0.6594 resistance holds. Below 0.6476 will bring retest of 0.6442 low first. Firm break there e will resume whole decline from 0.6870 for 61.8% projection […]
31/07/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2815; (P) 1.2841; (R1) 1.2863; More… GBP/USD is losing downside momentum as seen in 4H MACD. But further decline is still expected with 1.2936 resistance intact. Decisive break of 55 D EMA (now at 1.2781) will suggest that rise from 1.2298 has completed with three waves up to 1.3043. Deeper fall would […]
18/07/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8391; (P) 0.8401; (R1) 0.8419; More…. EUR/GBP recovered quickly after dipping to 0.8392 and intraday bias remains neutral. Further decline is in favor. But considering bullish convergence condition in 4H MACD, downside could be contained by 61.8% projection of 0.8619 to 0.8396 from 0.8498 at 0.8360 on first attempt. On the upside, […]