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Daily Pivots: (S1) 1.1108; (P) 1.1141; (R1) 1.1183; More…. A temporary top is in place in EUR/USD with 4H MACD crossed below signal line. Intraday bias is turned neutral for consolidations first. But further rally is expected as long as 1.1046 resistance turned support holds. Above 1.1173 will target 161.8% projection of 1.0665 to 1.0947 […]

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GBP/USD Mid-Day Outlook

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GBP/JPY Daily Outlook

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13/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6529; (P) 0.6571; (R1) 0.6601; More… Range trading continues in AUD/USD and intraday bias remains neutral for the moment. Risk stays mildly on the downside at this point. Break of 0.6524 will affirm the case of rejection by channel resistance, and resume the fall from 0.6689 short term top to 55 D […]
24/05/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 198.20; (P) 198.56; (R1) 198.84; More… Intraday bias in GBP/JPY remains mildly on the upside. Current rise from 191.34, as the second leg of the corrective pattern from 200.53, should target 100% projection of 191.34 to 180.07 from 195.02 at 200.75. But upside should be limited there. On the downside, below 198.25 […]
11/09/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3570; (P) 1.3593; (R1) 1.3633; More… USD/CAD’s recovery is still limited by 1.3617 resistance and intraday bias remains neutral. Further decline will remain in favor as long as 1.3617 resistance holds. On the downside, below 1.3545 minor support will bring retest of 1.3439 low first. However, firm break of 1.3617 will turn […]