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Daily Pivots: (S1) 1.2624; (P) 1.2654; (R1) 1.2673; More… GBP/USD retreated after breaching 1.2667 resistance briefly. Intraday bias is back on the downside with break of 55 4H EMA (now at 1.2628). Retest of 1.2517/38 support zone would be seen next. On the upside, however, firm break of 1.2682 will suggest that fall from 1.2892 […]

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27/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6551; (P) 1.6572; (R1) 1.6599; More… Intraday bias in EUR/AUD stays neutral first as range trading continues. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target 1.6844 resistance […]
08/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8575; (P) 0.8587; (R1) 0.8611; More… EUR/GBP’s break of 0.8582 resistance suggests that fall from 0.8643 has completed at 0.8529. Intraday bias is back on the upside for 0.8643 resistance. Firm break there will resume the choppy rebound from 0.8497 low. On the downside, below 0.8566 minor support will turn intraday bias […]
26/06/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3633; (P) 1.3657; (R1) 1.3682; More… Further decline is expected in USD/CAD as long as 1.3717 minor resistance holds. Corrective pattern from 1.3845 is now in the third leg. Deeper decline would be seen to 1.3589 support. Break there will target 100% projection of 1.3845 to 1.3589 from 1.3790 at 1.3534. In […]