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Daily Pivots: (S1) 1.0802; (P) 1.0826; (R1) 1.0849; More….. Further decline is expected in EUR/USD as long as 1.0869 resistance holds. Current development suggests that rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should be seen to 1.0665 support. Firm break there will target 1.0601 support next. In the bigger […]

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09/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3327; (P) 1.3366; (R1) 1.3387; More… While USD/CAD is losing upside momentum, further rise remains mildly in favor with 1.3286 minor support intact. Current rise from 1.3176 short term bottom would target 38.2% retracement of 1.3897 to 1.3176 at 1.3451. Firm break there will pave the way to 61.8% retracement at 1.3622. […]
16/08/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6576; (P) 0.6606; (R1) 0.6640; More… Intraday bias in AUD/USD stays neutral as consolidations continue below 0.6642 temporary top. Further rally is expected as long as 0.6506 support holds. Above 0.6442 will extend the rebound from 0.6348 to 0.6798 resistance next. In the bigger picture, overall, price actions from 0.6169 (2022 low) […]
30/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8831; (P) 0.8851; (R1) 0.8882; More… USD/CHF is staying in consolidation above 0.8776 and intraday bias remains neutral. Further decline is expected as long as 0.8923 resistance holds. On the downside, break of 0.8776 will resume the fall from 0.9223 to 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break […]