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Daily Pivots: (S1) 0.6840; (P) 0.6866; (R1) 0.6919; More… Intraday bias in AUD/USD remains on upside at this point. Firm break of 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915 will pave the way to 100% projection at 0.7096 next. On the downside, below 0.6813 minor support will turn bias neutral and bring […]

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GBP/USD Daily Outlook

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19/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2616; (P) 1.2660; (R1) 1.2691; More… No change in GBP/USD’s outlook as consolidation from 1.2793 is still extending. Intraday bias remains neutral at this point. Further rally is expected as long as 1.2499 support holds. On the upside, firm break of 1.2793 will resume the rally from 1.2036. Next target is 61.8% […]
13/09/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8495; (P) 0.8523; (R1) 0.8539; More… No change in USD/CHF’s outlook with focus on 0.8536 resistance. Rejection by this resistance will retain near term bearishness. Break of 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition […]
21/10/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6156; (P) 1.6185; (R1) 1.6233; More… Intraday bias in EUR/AUD remains mildly on the downside, as fall from 1.6351 would extend to retest 1.6002 low. On the upside, however, break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452. In the bigger picture, as long […]