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Daily Pivots: (S1) 1.4322; (P) 1.4347; (R1) 1.4397; More… Intraday bias in USD/CAD stays mildly on the downside, as pull back from 1.4466 support might still extend. Deeper fall could be seen to 55 D EMA (now at 1.4130). But downside should be contained by 38.2% retracement of 1.3418 to 1.4466 at 1.4066 to bring […]

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11/12/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9258; (P) 0.9293; (R1) 0.9329; More…. Intraday bias in EUR/CHF is turned neutral again with current recovery. But another decline is mildly in favor with 0.9321 resistance intact. Below 0.9254 will bring retest of 0.9204 low. Firm break of 0.9204/9 will indicate larger down trend resumption. Nevertheless, break of 0.9321 resistance will […]
25/04/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2368; (P) 1.2414; (R1) 1.2495; More… Near term outlook in GBP/USD remains bearish as long as 1.2538 support turned resistance. holds. Break of 1.2421 minor support will argue that rebound from 1.2298 has completed and bring retest of this low. However, decisive break of 1.2538 will bring stronger rally to 55 D […]
06/12/2023

AUD/USD Daily Report

Daily Pivots: (S1) 0.6523; (P) 0.6573; (R1) 0.6601; More… AUD/USD’s breach of 0.6570 support suggests that a short term top was formed at 0.6689, after rejection by falling channel resistance. Intraday bias is now mildly on the downside for 55 D EMA (now at 0.6488). For now, risk is mildly on the downside as long […]