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Daily Pivots: (S1) 1.3879; (P) 1.3893; (R1) 1.3905; More… Intraday bias in USD/CAD remains on the upside at this point. Rise from 1.3418 is in progress for retesting 1.3946/76 resistance zone. Decisive break there will confirm larger up trend resumption. On the downside, below 1.3837 minor support will turn intraday bias and bring consolidations first. […]

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15/10/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0886; (P) 1.0911; (R1) 1.0935; More…. Intraday bias in EUR/USD remains on the downside for the moment. Sustained trading below 38.2% retracement of 1.0447 to 1.1213 at 1.0920 will argue that fall from 1.1213 is the third leg of the corrective pattern from 1.1274. In this case, deeper decline would be seen […]
29/10/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9343; (P) 0.9366; (R1) 0.9380; More…. Range trading continues in EUR/CHF and outlook is unchanged. Intraday bias stays neutral for the moment. On the downside, break of 0.9332 will resume the fall from 0.9579 towards 0.9209 low. On the upside, break of 0.9506 will turn intraday bias to the upside for 0.9579 […]
27/07/2024

EUR/USD Weekly Outlook

EUR/USD dipped to 1.0825 last week but turned sideway since then. Initial bias remains neutral this week first and further fall is in favor as long as 1.0896 minor resistance holds. Below 1.0825 will target 55 D EMA (now at 1.0815). Sustained break there will argue that whole rebound from 1.0601 has completed with three […]