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Daily Pivots: (S1) 1.2976; (P) 1.2996; (R1) 1.3033; More… GBP/USD dips notably today but stays in range above 1.2906, and intraday bias remains neutral. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence condition in 4H MACD, […]

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GBP/USD Daily Outlook

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25/10/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6223; (P) 1.6270; (R1) 1.6354; More… Intraday bias in EUR/AUD stays on the upside for the moment. Break of 1.6351 will resume the rebound from 1.6002 to 38.2% of 1.7180 to 1.6002 at 1.6452. On the downside, though, below 1.6132 will bring retest of 1.6002 low instead. In the bigger picture, as […]
26/01/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6564; (P) 0.6587; (R1) 0.6608; More… AUD/USD’s consolidation from 0.6524 is extending and intraday bias remains neutral at this point. With 0.6639 support turned resistance intact, further decline is expected. Firm break of 0.6524 support will argue that whole rebound from 0.6269 has completed, and bring deeper fall to this support. In […]
03/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2490; (P) 1.2517; (R1) 1.2563; More… GBP/USD’s rebound from 1.2298 resumed by breaking through 1.2568 resistance and intraday bias is back on the upside. Strong break of 55 D EMA suggest that fall from 1.2892 has completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% […]