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Daily Pivots: (S1) 0.8507; (P) 0.8528; (R1) 0.8558; More… Intraday bias in EUR/GBP as it’s capped below 0.8571 resistance despite extended recovery. On the downside, break of 0.8497 will resume extend recent fall to 0.8464 projection level. Nevertheless, considering bullish convergence condition in 4H MACD, sustained break of 0.8571 will confirm short term bottoming, and […]

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16/12/2023

EUR/GBP Weekly Outlook

EUR/GBP recovered after edging lower to 0.8548 last week, but upside is capped below 0.8648 support turned resistance so far. Initial bias remains neutral this week first. Some more consolidations could be seen but downside breakout is expected. Break of 0.8548 will resume the decline from 0.8764 to retest 0.8419 low next. However, sustained break […]
04/06/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6650; (P) 0.6672; (R1) 0.6712; More…. Range trading continues in AUD/USD and intraday bias remains neutral for the moment. Further rally is in favor with 0.6578 cluster support (38.2% retracement of 0.6361 to 0.6713 at 0.6579) intact. On the upside, firm break of 0.6713 will resume whole rise from 0.6361 to 0.6870 […]
27/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.9134; (P) 0.9146; (R1) 0.9160; More…. Intraday bias in USD/CHF remains neutral for the moment. Current development suggests that pull back from 0.9223 has completed already. Above 0.9157 will bring retest of 0.9223. However, break of 0.9077 support will bring retest of 0.8987. Break there will resume the fall from 0.9223 to […]