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Daily Pivots: (S1) 0.8628; (P) 0.8648; (R1) 0.8679; More…. Intraday bias in EUR/GBP remains on the upside at this point. Rebound from 0.8548 would target 0.8764 key resistance next. On the downside, however, break of 0.8597 will turn bias back to the downside for 0.8548 support instead. In the bigger picture, current development suggests that […]

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18/03/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2721; (P) 1.2741; (R1) 1.2755; More… Intraday bias in GBP/USD remains mildly on the downside at this point. Fall from 1.2892 short term top should target 55 D EMA (now at 1.2673). Firm break there will bring deeper fall to 1.2517 structural support. For now, risk will stay mildly on the downside […]
29/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3623; (P) 1.3638; (R1) 1.3662; More… Intraday bias in USD/CAD is turned neutral again with current recovery. On the downside, firm break of 1.3589 support will argue that whole rise from 1.3176 has completed at 1.3845 already. Fall from 1.3845 should then resume to 61.8% retracement of 1.3176 to 1.3845 at 1.3432. […]
30/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9739; (P) 0.9772; (R1) 0.9793; More… Intraday bias in EUR/CHF stays neutral for more consolidations. Further rally is expected with 0.9708 minor support intact. Above 0.9800 will resume the rebound from 0.9563 to retest 0.9847 high. However, break of 0.9708 will turn bias to the downside, to extend the corrective pattern form […]