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Daily Pivots: (S1) 1.0840; (P) 1.0858; (R1) 1.0875; More… Immediate focus is now on 1.0887 resistance in EUR/USD with today’s rally. Firm break there will resume whole rise from 1.0694. Also, sustained trading above 55 D EMA (now at 1.0831) will affirm the case that fall from 1.1138 has completed. In this case, intraday bias […]

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02/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3528; (P) 1.3558; (R1) 1.3600; More… Range trading continues in USD/CAD and intraday bias stays neutral. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook […]
03/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0689; (P) 1.0710; (R1) 1.0745; More… EUR/USD’s rebound from 1.0601 resumed by breaking through 1.0752 and intraday bias back on the upside. Strong break of 55 D EMA suggests that fall from 1.0980 has completed with three waves down to 1.0601. Further rally is expected and firm break of 100% projection of […]
20/03/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6503; (P) 0.6533; (R1) 0.6563; More… Intraday bias in AUD/USD remains on the downside for 0.6476 support. Break there will argue that decline from 0.6870 is ready to resume through 0.6442 low. On the upside, break of 0.6583 minor resistance will turn intraday bias neutral first. But risk will stay on the […]