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Daily Pivots: (S1) 0.6553; (P) 0.6568; (R1) 0.6597; More… Intraday bias in AUD/USD remains neutral and more consolidations could be seen above 0.6536 temporary low. Further decline is expected as long as 55 D EMA (now at 0.6695) holds. On the downside, sustained break of 61.8% retracement of 0.6269 to 0.6941 at 0.6526 will target […]

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08/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0628; (P) 1.0783; (R1) 1.0885; More… Intraday bias in EUR/USD remains neutral for consolidations above 1.0681 temporary low. Further decline is expected as long as 1.0936 resistance holds. On the downside, sustained break of 61.8% projection of 1.1213 to 1.0760 from 1.0936 at 1.0656 will pave the way to 100% projection at […]
26/10/2024

USD/CHF Weekly Outlook

USD/CHF’s rise from 0.8374 continued last week but formed a temporary top at 0.8685. Initial bias remains neutral this week first. Further rise is expected as long as 0.8629 minor support holds. Decisive break of 38.2% retracement of 0.9223 to 0.8374 at 0.8698 will argue that fall from 0.9223 has completed after defending 0.8332 low. […]
03/02/2024

USD/CAD Weekly Outlook

USD/CAD’s correction from 1.3540 extended lower to 1.3357 last week but recovered since then. Initial bias stays neutral this week first. 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 […]