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Daily Pivots: (S1) 1.0867; (P) 1.0884; (R1) 1.0907; More… Range trading continues in EUR/USD and intraday bias stays neutral at this point. Further rally is expected as long as 1.0788 support holds. Break of 1.0915 will resume the rally from 1.0601 to 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. However, firm break […]

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AUD/USD Daily Report

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EUR/USD Mid-Day Outlook

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08/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3722; (P) 1.3756; (R1) 1.3792; More… Intraday bias in USD/CAD remains on the downside as pullback from 1.3946 short term top extends. Sustained break of 55 D EMA (now at 1.3726) would dampen the original bullish outlook and bring deeper fall. On the upside, above 1.3790 minor resistance will bring retest of […]
06/04/2024

USD/CAD Weekly Outlook

USD/CAD’s rise from 1.3176 resumed by breaching 1.3613 resistance last week. Initial bias stays on the upside this week for channel resistance at 1.3665 first. Sustained break there would prompt upside acceleration towards 1.3897 resistance next. For now, near term outlook will stay bullish as long as 1.3477 support holds, in case of retreat. In […]
23/01/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8666; (P) 0.8685; (R1) 0.8700; More…. Intraday bias in USD/CHF stays neutral, with focus on 38.2% retracement of 0.9243 to 0.8332 at 0.8680, which coincides 55 D EMA (now at 0.8687). Decisive break there will turn near term outlook bullish for 61.8% retracement 0.8995. Nevertheless, break of 0.8565 minor support will turn […]