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EUR/CHF stayed in the near term converging range last week and outlook is unchanged. Initial bias remains neutral first. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 resistance and above. In the bigger […]

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EUR/USD Weekly Outlook

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12/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3714; (P) 1.3733; (R1) 1.3749; More… Intraday bias in USD/CAD remains neutral at this point. Strong rebound from current level, followed by break of 1.3790 minor resistance, will retain near term bullishness. Further rise should be seen to retest 1.3946 high. However, sustained trading below 55 D EMA (now at 1.3726) will […]
22/10/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8318; (P) 0.8329; (R1) 0.8340; More… As long as 0.8433 resistance holds, EUR/GBP’s down trend is still in progress for 0.8201 key support next. Strong support could be seen from there to bring rebound. But for now, break of 0.8433 resistance is needed to indicate short term bottoming. Otherwise, outlook will stay […]
23/08/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3069; (P) 1.3100; (R1) 1.3122; More… Intraday bias in GBP/USD stays on the upside despite some loss of momentum. Decisive break of 61.8% projection of 1.2298 to 1.3043 from 1.2664 at 1.3124 and 1.3141 resistance will confirm larger up trend resumption for 100% projection at 1.3409. On the downside, below 1.3010 minor […]