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Daily Pivots: (S1) 1.2565; (P) 1.2608; (R1) 1.2640; More… Intraday bias in GBP/USD remains on the downside at this point. Fall from 1.2731 short term top should extend to 55 D EMA (now at 1.2427). For now, risk will stay on the downside as long as 1.2731 resistance holds, in case of recovery. In the […]

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EUR/USD Mid-Day Outlook

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15/03/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8526; (P) 0.8542; (R1) 0.8549; More… Intraday bias in EUR/GBP remains neutral for the moment. On the downside decisive break of 0.8491/7 support zone will confirm larger down trend resumption and target 0.8464 projection level first. Nevertheless, firm break of 0.8577 will turn bias back to the upside for stronger rebound. In […]
02/01/2024

USD/CAD Mid-Day Outlook

Daily Pivots: (S1) 1.3196; (P) 1.3230; (R1) 1.3283; More… USD/CAD’s break of 1.3284 minor resistance indicate short term bottoming at 1.3176, on bullish convergence condition in 4H MACD. Intraday bias is back on the upside for 38.2% retracement of 1.3897 to 1.3176 at 1.3451. On the downside, however, break of 1.3176 will resume the fall […]
18/12/2023

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0855; (P) 1.0929; (R1) 1.0970; More… Intraday bias in EUR/USD stays neutral for the moment, as consolidation from 1.1016 is extending. Deeper retreat cannot be ruled out, but further rally is expected as long as 1.0722 support holds. On the upside, break of 1.1016 will resume the whole rise from 1.0447 to […]