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Daily Pivots: (S1) 1.3762; (P) 1.3774; (R1) 1.3797; More… USD/CAD’s break of 1.3790 resistance strengthens the case that consolidation from 1.3845 has completed at 1.3588. Intraday bias remains on the upside for retesting 1.3845 high next. Firm break there will resume whole rally from 1.3176 to 61.8% projection of 1.3176 to 1.3845 from 1.3588 at […]

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22/07/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8867; (P) 0.8884; (R1) 0.8908; More… Intraday bias in USD/CHF remains neutral at this point. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 will turn bias back to the […]
09/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3078; (P) 1.3158; (R1) 1.3207; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3265 is still extending. Outlook will stay bullish as long as 1.3043 resistance turned support holds. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 […]
20/04/2024

EUR/USD Weekly Outlook

EUR/USD edged lower to 1.0601 last week but turned sideway since then. Initial bias remains neutral this week for consolidations. Upside should be limited by 1.0723 support turned resistance. Break of 1.0601 will resume the fall from 1.1138t o 100% projection of 1.1138 to 1.0694 from 1.0980 at 1.0536 next. In the bigger picture, price […]