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Daily Pivots: (S1) 1.3594; (P) 1.3619; (R1) 1.3637; More… Intraday bias in USD/CAD remains neutral for the moment. Break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Also, sustained trading below 55 D EMA (now at 1.3628) will argue that whole rise from […]

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GBP/JPY Daily Outlook

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12/03/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2784; (P) 1.2825; (R1) 1.2855; More… GBP/USD’s retreat from 1.2892 extends lower today. But still, further rally will remain in favor as long as 55 4H EMA (now at 1.2746) holds. On the upside, above 1.2892 will resume larger rise from 1.2063 and target 61.8% projection of 1.2036 to 1.2826 from 1.2517 […]
13/07/2024

AUD/USD Weekly Report

AUD/USD’s rally from 0.6361 continued last week and outlook is unchanged. Initial bias stays on the upside this week for 61.8% projection of 0.6361 to 0.6713 from 0.6619 at 0.6837. Decisive break there could prompt upside acceleration through 0.6870 resistance to 100% projection at 0.6971. On the downside, however, break of 0.6723 support will turn […]
11/04/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6464; (P) 0.6548; (R1) 0.6596; More… Intraday bias in AUD/USD remains on the downside for the moment. Decisive break of 0.6480 support will argue that is ready to resume through 0.6442. Next target will be 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. For now, risk will stay mildly on […]