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Daily Pivots: (S1) 1.3736; (P) 1.3764; (R1) 1.3779; More… Intraday bias in USD/CAD stays neutral for consolidation below 1.3837 temporary top. Downside of retreat should be contained above 1.3646 resistance turned support. On the upside, above 1.3837 will resume the rally from 1.3418 to 1.3946/76 key resistance zone. In the bigger picture, sideway consolidation pattern […]

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30/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2673; (P) 1.2727; (R1) 1.2754; More… GBP/USD is staying in range of 1.2670/2799 and intraday bias remains neutral. Some more consolidations could be seen but further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will […]
13/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2604; (P) 1.2624; (R1) 1.2648; More… GBP/USD edged higher to 1.2653 today but failed to sustain above 55 4H EMA again. Intraday bias remains neutral for the moment. On the upside, firm break of 1.2653 resistance will affirm the case that correction from 1.2826 has completed at 1.2517, after drawing support from […]
22/05/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.9092; (P) 0.9104; (R1) 0.9122; More…. USD/CHF’s rebound from 0.8987 extends higher today, and intraday bias stays on the upside. Further rally would be seen to 0.9223 resistance. On the downside, below 0.9086 minor support will turn intraday bias neutral first. Further break of 0.8987 will resume the fall from 0.9223 to […]