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Daily Pivots: (S1) 1.2830; (P) 1.2847; (R1) 1.2873; More… GBP/USD’s fall from 1.3043 is in progress and intraday bias stays on the downside. Rise from 1.2298 could have completed at 1.3043 already. Deeper fall would be seen to 1.2612 support and below. On the upside, break of 1.2863 resistance is needed to indicate short term […]

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23/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3716; (P) 1.3746; (R1) 1.3786; More… Intraday bias in USD/CAD stays on the upside and outlook is unchanged. Corrective pattern from 1.3845 might have completed with three waves to 1.3588, after hitting 38.2% retracement of 1.3716 to 1.3845 at 1.3589. Further rise should be seen to 1.3790 resistance first. Firm break there […]
02/02/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6453; (P) 1.6529; (R1) 1.6621; More… EUR/AUD failed to break through 1.6671 resistance and retreated sharply. Intraday bias is turned neutral again first. On the upside, decisive break of 1.6671 will revive the case that whole correction from 1.7062 has completed with three waves down to 1.6127. Further rally should then be […]
18/05/2024

USD/CHF Weekly Outlook

USD/CHF rebounded strongly after edging lower to 0.8987 last week, but upside is capped below 0.9101 resistance. Initial bias stays neutral this week first. On the upside, firm break of 0.9101 will argue that corrective fall from 0.9223 has completed with three waves down to 0.8987 already. Further rise should then be seen to retest […]