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Daily Pivots: (S1) 1.2418; (P) 1.2452; (R1) 1.2469; More… GBP/USD recovered after brief dip to 1.2388 and intraday bias is turned neutral again. Stronger recovery cannot be ruled out, but upside should be limited by 1.2538 support turned resistance. Below 1.2388 will resume the fall from 1.2892 to 100% projection of 1.2892 to 1.2538 from […]

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02/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8986; (P) 0.9016; (R1) 0.9057; More… Intraday bias in USD/CHF remains on the upside for the moment. Fall from 0.9223 might have completed as a three-wave corrective move to 0.8825. Sustained trading above the near term falling channel resistance will bring further rally to 0.9157 resistance next. On the downside, below 0.8977 […]
29/05/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0843; (P) 1.0866; (R1) 1.0879; More… Range trading continues in EUR/USD and intraday bias remains neutral. More consolidations could still be seen. On the upside, break of 1.0894 will resume the rally from 1.0601 to 1.0980 resistance next. However, break of 1.0804 will turn bias back to the downside for 1.0752 resistance […]
09/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3704; (P) 1.3733; (R1) 1.3752; More… Intraday bias in USD/CAD remains neutral and outlook is unchanged. On the upside, break of 1.3782 resistance will argue that correction from 1.3845 has completed with three waves down to 1.3608. Intraday bias will be back to the upside to resume larger rally from 1.3176 through […]