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Daily Pivots: (S1) 1.2669; (P) 1.2703; (R1) 1.2726; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.3043 should continue to 1.2612 support. Decisive break there should confirm that rise from 1.2298 has completed, and target this support next. However, break of 1.2839 resistance will argue that the pull back […]

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17/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3592; (P) 1.3616; (R1) 1.3643; More… Intraday bias in USD/CAD is turned neutral with current recovery. But further fall is expected as long as 1.3689 resistance holds. Below 1.3589 temporary low will resume the decline from 1.3845 to 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Sustained trading below 55 […]
18/06/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 199.46; (P) 199.96; (R1) 200.86; More… Intraday bias in GBP/JPY stays neutral for consolidations below 201.59. Further rally is expected as long as 197.18 support holds. However, considering bearish divergence condition in 4H MACD, firm break of 197.18 will confirm short term topping, and turn bias back to the downside for 191.34 […]
14/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6511; (P) 1.6536; (R1) 1.6559; More… Range trading continues in EUR/AUD and intraday bias stays neutral at this point. On the downside, decisive break of 1.6450 support will argue that whole rebound from 1.6127 has completed with three waves up to 1.6742 already. Near term outlook will be turned bearish for 1.6127 […]