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Daily Pivots: (S1) 1.4217; (P) 1.4244; (R1) 1.4272; More… USD/CAD’s up trend continues today and intraday bias stays on the upside. Next target is 1.4391 projection level. On the downside, break of 1.4208 minor support will turn intraday bias neutral again first, and bring deeper pull back to channel support (now at 1.4114). Considering bearish […]

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24/09/2024

AUD/USD Mid-Day Report

Daily Pivots: (S1) 0.6806; (P) 0.6830; (R1) 0.6862; More… AUD/USD’s rally is still in progress and intraday bias remains on the upside for 61.8% projection of 0.6348 to 0.6823 from 0.6621 at 0.6915. On the downside, below 0.6736 minor support will turn intraday bias neutral first. But outlook will remain cautiously bullish as long as […]
30/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2674; (P) 1.2697; (R1) 1.2731; More… GBP/USD is still bounded in range trading and intraday bias stays neutral at this point. Another fall cannot be ruled out, but downside should be contained above 1.2499 support to bring rebound. On the upside, firm break of 1.2784 resistance will suggest that consolidation pattern has […]
01/11/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0856; (P) 1.0872; (R1) 1.0900; More… Intraday bias in EUR/USD stays mildly on the upside for the moment. Rebound from 1.0760 short term bottom would target 55 D EMA (now at 1.0943). Strong resistance should be seen there to limit upside. On the downside, below 1.0807 minor support will turn intraday bias […]