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Daily Pivots: (S1) 1.2715; (P) 1.2749; (R1) 1.2784; More… Intraday bias in GBP/USD remains neutral and outlook is unchanged. Corrective rebound from 1.2486 short term bottom could still extend higher. But outlook will stay bearish as long as 55 D EMA (now at 1.2834) holds. On the downside, below 1.2615 minor support will bring retest […]

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31/05/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0798; (P) 1.0822; (R1) 1.0855; More…. Focus is now on 1.0894 in EUR/USD with today’s strong bounce. Firm break there will resume whole rally from 1.0601, and target 61.8% projection of 1.0601 to 1.0894 from 1.0788 at 1.0969. For now, risk will stay on the upside as long as 1.0788 support holds, […]
28/08/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3425; (P) 1.3462; (R1) 1.3480; More… USD/CAD’s decline from 1.3946 is still in progress today and intraday bias remains on the downside. Deeper fall would be seen to 1.3176 support next. On the upside, above 1.3514 minor resistance will turn intraday bias neutral first. But outlook will now stay bearish as long […]
27/08/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6453; (P) 1.6485; (R1) 1.6514; More… Intraday bias in EUR/AUD remains neutral and outlook is unchanged. On the downside, sustained trading below 55 D EMA (now at 1.6435) will argue that rise from 1.5996 has completed at 1.7180 Deeper fall would then be seen back to this support. Nevertheless, strong rebound from […]