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Daily Pivots: (S1) 1.1020; (P) 1.1052; (R1) 1.1070; More… While EUR/USD’s pull back from 1.1138 extends lower, it’s still staying above 1.0929 support. Intraday bias remains neutral at this point. on the upside, break of 1.1138 will resume the rise from 1.0447 to retest 1.1274 high. Meanwhile, break of 1.0929 will indicate short term topping […]

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GBP/USD Mid-Day Outlook

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11/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2704; (P) 1.2724; (R1) 1.2762; More… Range trading continues in GBP/USD and intraday bias stays neutral for the moment. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from […]
27/04/2024

EUR/AUD Weekly Outlook

EUR/AUD’s fall from 1.6742 resumed by breaking through 1.6368 support last week. The development revived the case that rise from 1.6127 has completed at 1.6742. Fall from there is the third leg of the corrective pattern from 1.7062. Initial bias is now on the downside this week for 1.6127 support next. On the upside, above […]
02/01/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3196; (P) 1.3230; (R1) 1.3283; More… Intraday bias in USD/CAD stays neutral at this point and some more consolidations could be seen. On the downside, break of 1.3176 will resume the fall from 1.3897 to 1.3091 support and possibly below. Nevertheless, considering bullish convergence condition in 4H MACD, break of 1.3284 will […]