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Daily Pivots: (S1) 1.2784; (P) 1.2825; (R1) 1.2855; More… Intraday bias in GBP/USD remains neutral as consolidation continues below 1.2892 temporary top. Further rally will remain in favor as long as 55 4H EMA (now at 1.2746) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 […]

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25/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8659; (P) 0.8694; (R1) 0.8737; More…. USD/CHF’s break of 0.8632 minor support suggests initial rejection by 38.2% retracement of 0.9243 to 0.8332 at 0.8680 and 55 D EMA (now at 0.8686). Intraday bias is back on the downside for 0.8487 support. On the upside, though, break of 0.8727, and sustained trading above […]
24/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6586; (P) 0.6619; (R1) 0.6641; More… While AUD/USD’s retreat from 0.6713 extends lower, it’s staying above 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579. Intraday bias remains neutral for the moment, and further rally is in favor. As noted before, fall from 0.6870 has probably completed with three waves […]
07/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3562; (P) 1.3581; (R1) 1.3613; More… Intraday bias in USD/CAD stays neutral and outlook is unchanged. On the downside, below 1.3479 will resume the corrective fall from 1.3897. But downside should be contained by 1.3378 support, which is close to 61.8% retracement of 1.3091 to 1.3897 at 1.3399, to bring rebound. On […]