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Daily Pivots: (S1) 1.2673; (P) 1.2727; (R1) 1.2754; More… Intraday bias in GBP/USD remains neutral for the moment, and some consolidations would be seen below 1.2799 temporary top. But further rise is expected as long as 1.2670 support holds. Current rally from 1.2298 should target 1.2892 resistance next. However, break of 1.2670 will indicate short […]

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23/04/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3673; (P) 1.3713; (R1) 1.3739; More… No change in USD/CAD’s outlook as retreat from 1.3845 is extending. Intraday bias stays neutral at this point. Downside should be contained by 1.3660 support to bring another rally. On the upside, firm break of 1.3845 will resume the whole rally from 1.3716 to 1.3976 key […]
20/02/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0765; (P) 1.0777; (R1) 1.0792; More… Intraday bias in EUR/USD remains as consolidation from 1.0694 is still extending. . Further decline is in favor with 1.0804 resistance intact. On the downside, below 1.0694 will resume the fall from 1.1138 to retest 1.0447 support. Nevertheless, considering bullish convergence condition in 4H MACD, above […]
07/01/2024

USD/CHF Weekly Outlook

A short term bottom was in place at 0.8332 with last week’s rebound, but price actions from there are seen as a corrective pattern only. Initial bias in USD/CHF is neutral this week first. Outlook remains bearish with 0.8665 support turned resistance intact. On the downside, break of 0.8332 will resume larger fall from 0.9243 […]