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Daily Pivots: (S1) 1.3246; (P) 1.3311; (R1) 1.3345; More… Intraday bias in USD/CAD stays on the downside for the moment. Current fall from 1.3897 is in progress and would targets a retest on 1.3091 support. On the upside, above 1.3369 minor resistance will turn intraday bias neutral first. But outlook will stay bearish as long […]

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29/12/2023

EUR/GBP Daily Outlook

Daily Pivots: (S1) 0.8667; (P) 0.8691; (R1) 0.8713; More… For now, further rally could still be seen in EUR/GBP with 0.8649 intact. Rebound from 0.8548 could extend to 0.8764 key resistance. Nevertheless, break of 0.8649 will argue that the rebound has completed, and turn bias back to the downside for 0.8548 support instead. In the […]
18/07/2024

EUR/JPY Daily Outlook

Daily Pivots: (S1) 170.11; (P) 171.47; (R1) 172.23; More… EUR/JPY’s break of 170.87 resistance turned support argues that fall from 175.41 might be correcting whole rise from 153.15 already. Intraday bias is back on the downside. Sustained trading below 55 D EMA (now at 170.30) will target 38.2% retracement of 153.15 to 175.41 at 166.90. […]
19/08/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8636; (P) 0.8685; (R1) 0.8710; More….. Outlook in USD/CHF remains unchanged and intraday bias stays neutral for now. On the downside, break of 0.8616 support will indicate rejection by 38.2% retracement of 0.9223 to 0.8431 at 0.8734, and turn bias back to the downside for retesting 0.8431 low. On the upside, sustained […]