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Daily Pivots: (S1) 1.1139; (P) 1.1161; (R1) 1.1185; More…. Intraday bias is EUR/USD is turned neutral with 4H MACD crossed below signal line. Some more consolidations could be seen below 1.1200. But further rally is expected as long as 1.1001 support holds. Break of 1.1200 will target 1.1274 high. Firm break there will resume larger […]

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GBP/USD Daily Outlook

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05/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2582; (P) 1.2654; (R1) 1.2703; More… Range trading continues in GBP/USD and intraday bias remains neutral at this point. Further rally is expected as long as 1.2590 minor support holds. On the upside, decisive break of 1.2731 will resume the rally from 1.2036 for retesting 1.3141 high next. However, firm break of […]
20/12/2023

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3309; (P) 1.3356; (R1) 1.3381; More… Intraday bias in USD/CAD stays on the downside for the moment. Sustained trading below 1.3378 will extend the fall from 1.3897 to retest 1.3091 support next. On the upside above 1.3408 minor resistance will turn intraday bias neutral again. But risk will stay on the downside […]
02/01/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6146; (P) 1.6225; (R1) 1.6283; More.. EUR/AUD’s decline is resuming by breaching 1.6137 and intraday bias is back on the downside for 100% projection of 1.7062 to 1.6319 from 1.6844 at 1.6106. Meanwhile, considering bullish convergence condition in 4H MACD, firm break of 1.6313 resistance should indicate short term bottoming, and turn […]