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Daily Pivots: (S1) 0.8440; (P) 0.8451; (R1) 0.8466; More… Intraday bias in EUR/GBP remains neutral for the moment. Consolidations form 0.8396 could continue with stronger recovery. But outlook will stay bearish as long as 0.8482 support turned resistance holds. On the downside, below 0.8429 minor support will bring retest of 0.8396 low first. Further break […]

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02/02/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3381; (P) 1.3413; (R1) 1.3468; More… USD/CAD recovered after dipping to 1.3357 and intraday bias is turned neutral. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 has completed at 1.3540, and target this low for resuming whole fall from 1.3897. On the upside, however, break of […]
05/02/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2574; (P) 1.2673; (R1) 1.2732; More… Intraday bias in GBP/USD remains neutral at this point and outlook is unchanged. Price action from 1.2826 are seen as a consolidation pattern. In case of another fall, downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2774 resistance […]
12/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6491; (P) 1.6528; (R1) 1.6558; More… Range trading continues in EUR/AUD and intraday bias remains neutral. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 again, to extend […]