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Daily Pivots: (S1) 1.2639; (P) 1.2670; (R1) 1.2702; More… Range trading continues in GBP/USD and intraday bias stays neutral. While another rise cannot be ruled out, outlook will stay bearish as long as 55 D EMA (now at 1.2858) holds. Below 1.2615 minor support will turn intraday bias back to the downside for retesting 1.2486. […]

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19/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8636; (P) 0.8685; (R1) 0.8710; More….. Outlook in USD/CHF remains unchanged and intraday bias stays neutral for now. On the downside, break of 0.8616 support will indicate rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734, and turn bias back to the downside for retesting 0.8431 low. On the upside, sustained […]
22/07/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3703; (P) 1.3725; (R1) 1.3752; More… Intraday bias in USD/CAD remains on the upside for the moment. 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 will […]
15/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2531; (P) 1.2571; (R1) 1.2606; More… Outlook in GBP/USD is unchanged and intraday bias stays neutral at this point. On the upside, break of 1.2691 resistance will indicate that correction from 1.2826 has completed. Intraday bias will be back on the upside for retesting 1.2826. Nevertheless, decisive break of 1.2499 will argue […]