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Daily Pivots: (S1) 1.3659; (P) 1.3683; (R1) 1.3699; More… USD/CAD’s rebound lost momentum after hitting 1.3707 and intraday bias is turned neutral first. Outlook is unchanged that 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 twice. Above 1.3707 will target 1.3790 […]

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20/05/2024

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8547; (P) 0.8566; (R1) 0.8577; More… Intraday bias in EUR/GBP remains on the downside for 0.8259 support. Decisive break there will suggest that larger down trend is ready to resume through 0.8491/7 support one. On the upside, above 0.8579 minor resistance will delay the bearish case and turn intraday bias neutral first. […]
13/04/2024

AUD/USD Weekly Report

AUD/USD’s steep decline last week suggests that consolidation from 0.6442 has completed at 0.6643 already. Initial bias stays on the downside this week. Firm break of 1.6442 will confirm resumption of the fall from 0.6870 and target 61.8% projection of 0.6870 to 0.6442 from 0.6643 at 0.6378. On the upside, above 0.6498 resistance will turn […]
10/01/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2678; (P) 1.2722; (R1) 1.2753; More… Intraday bias in GBP/USD remains neutral as range trading continues. On the upside, decisive break of 1.2826 high will resume whole rally from 1.2036. Nevertheless, break of 1.2611 will bring deeper correction to 1.2499 support instead. In the bigger picture, price actions from 1.3141 medium term […]