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Daily Pivots: (S1) 1.0942; (P) 1.0980; (R1) 1.1010; More….. Intraday bias in EUR/USD remains neutral and more consolidations would be seen below 1.1046. But another rally is in favor as long as 1.0880 support holds. Firm break of 100% projection of 1.0665 to 1.0947 from 1.0776 at 1.1058 could prompt upside acceleration through 1.1138 resistance […]

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10/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3349; (P) 1.3382; (R1) 1.3423; More… Further rise remains in favor in USD/CAD, and rebound from 1.3176 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. On the downside, however, break of 1.3286 will turn bias back to the […]
26/08/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3465; (P) 1.3542; (R1) 1.3586; More… USD/CAD’s fall from 1.3946 continues today and intraday bias stays on the downside for 1.3477 support. Firm break there will target 1.3091/3176 support zone. On the upside, above 1.3570 support turned resistance will turn intraday bias neutral and bring consolidations first, before staging another decline. In […]
28/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8664; (P) 0.8681; (R1) 0.8695; More… Intraday bias in EUR/GBP is turned neutral with current retreat, and some consolidations could be seen. On the upside, above 0.8698 will resume the rebound from 0.8548 to 0.8764 key resistance next. Nevertheless, break of 0.8649 will argue that the rebound has completed, and turn bias […]