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Daily Pivots: (S1) 1.3903; (P) 1.3927; (R1) 1.3949; More… Sideway trading continues in USD/CAD below 1.3958. Intraday bias stays neutral, but further rise is is expected as long as 1.3822 support holds. On the upside, decisive break of 1.3976 key resistance will confirm larger up trend resumption. On the downside break of 1.3822 support will […]

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GBP/USD Daily Outlook

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09/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9784; (P) 0.9810; (R1) 0.9858; More… Range trading continues in EUR/CHF and intraday bias stays neutral. Near term outlook will stay bullish as long as 0.9709 support holds. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm short term topping, and turn bias back to the downside for […]
28/05/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2744; (P) 1.2761; (R1) 1.2788; More… GBP/USD’s rally from 1.2298 resumed after brief retreat and intraday bias is back on the upside. Further rally should be seen to 1.2892 resistance next. On the downside, below 1.2670 will turn bias to the downside for deeper pull back. In the bigger picture, price actions […]
15/03/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8795; (P) 0.8819; (R1) 0.8862; More…. Current strong rebound in USD/CHF argues that consolidation pattern from 0.8884 has completed with three waves to 0.8728. Intraday bias is mildly on the upside for 0.8891 resistance first. Firm break there will resume whole rise from 0.8332. Next target is 61.8% projection of 0.8550 to […]