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Daily Pivots: (S1) 1.0797; (P) 1.0816; (R1) 1.0835; More….. Intraday bias in EUR/USD is turned neutral with current recovery. But further decline is expected with 1.0869 resistance intact. Sustained break of 55 D EMA (now at 1.0815) will argue that whole rebound from 1.0601 has completed with three waves up to 1.0947. Deeper decline should […]

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06/06/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2763; (P) 1.2779; (R1) 1.2803; More….. Outlook in GBP/USD remains unchanged and intraday bias stays neutral. As long as 1.2693 support holds, further rally is in favor. Above 1.2816 will resume the rally from 1.2298 to 1.2892 resistance next. On the downside, break of 1.2693 minor support will turn intraday bias to […]
04/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8555; (P) 0.8565; (R1) 0.8577; More… Intraday bias in EUR/GBP stays neutral for the moment. Considering bullish convergence condition in D MACD, decisive break of 0.8577 and 55 D EMA (now at 0.8574) will argue that fall from 0.8764 has completed. Intraday bias will be back on the upside for rebound towards […]
28/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3681; (P) 1.3696; (R1) 1.3717; More… Current strong rebound suggests that USD/CAD’s fall from 1.3790 has finished at 1.3626. Intraday bias is back on the upside for 1.3790 resistance. Firm break there should indicate that consolidation from 1.3845 has completed with three waves to 1.3626. Retest of 1.3845 high should be seen […]