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Daily Pivots: (S1) 1.3575; (P) 1.3618; (R1) 1.3646; More… USD/CAD’s fall from 1.3845 resumes with break of 1.3608 support. Intraday bias is back on the downside, and further fall would be seen to 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Sustained trading below 55 D EMA (now at 1.3631) will argue that […]

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05/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3397; (P) 1.3436; (R1) 1.3507; More… Intraday bias in USD/CAD remains neutral at this point. On the upside, break of 1.3540 will resume the rise from 1.3176. That will also revive that case that whole fall from 1.3897 has completed. Nevertheless, firm break of 1.3342 support will argue that rebound from 1.3176 […]
30/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2504; (P) 1.2537; (R1) 1.2595; More… Intraday bias in GBP/USD stays mildly on the upside for the moment. Rebound from 1.2298 short term bottom would target 55 D EMA (now at 1.2580). Sustained break there will argue that fall from 1.2892 has completed already, and bring further rise to this resistance. Nevertheless, […]
24/08/2024

USD/CHF Weekly Outlook

USD/CHF’s extended decline last week suggests that rebound from 0.8431 has completed at 0.8747, after rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734. Initial bias is on the downside this week for retesting 0.8431 support first. Firm break there will resume whole decline from 0.9223 towards 0.8332 low. On the upside, above 0.8540 […]