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Daily Pivots: (S1) 1.2704; (P) 1.2758; (R1) 1.2793; More… Intraday bias in GBP/USD is turned neutral again with current retreat. Rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2846) holds. On the downside, below 1.2615 minor support will bring retest […]

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EUR/CHF Daily Outlook

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10/11/2024

EUR/CHF Weekly Outlook

EUR/CHF continued to stay in converging triangle last week and outlook is unchanged. Initial bias stays neutral this week first. On the downside, break of 0.9331 will target 0.9305 support first. Firm break there will bring retest of 0.9209 low. On the upside, break of 0.9444 will bring stronger rally to 0.9506 resistance next. In […]
19/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3658; (P) 1.3698; (R1) 1.3717; More… USD/CAD’s decline from 1.3946 continues today and intraday bias stays on the downside for 1.3588 support. On the upside, above 1.3737 minor resistance will turn intraday bias back to the upside for stronger recovery. In the bigger picture, price actions from 1.3976 (2022 high) are viewed […]
08/08/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0907; (P) 1.0922; (R1) 1.0938; More….. EUR/USD is extending the consolidation from 1.1007 and intraday bias remains neutral. While deeper retreat cannot be ruled out, downside should be contained well above 1.0776 support. On the upside, break of 1.1007 will resume recent rally from 1.0665 to 100% projection of 1.0665 to 1.0947 […]