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Daily Pivots: (S1) 1.3381; (P) 1.3413; (R1) 1.3468; More… USD/CAD recovered after dipping to 1.3357 and intraday bias is turned neutral. On the downside, firm break of 1.3342 support will argue that rebound from 1.3176 has completed at 1.3540, and target this low for resuming whole fall from 1.3897. On the upside, however, break of […]

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04/01/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2627; (P) 1.2652; (R1) 1.2689; More… GBP/USD is still bounded in range of 1.2611/2826 and intraday bias stays neutral. On the upside, break of 1.2826 will resume whole rally from 1.2036. However, break of 1.2611 will indicate short term topping, and turn bias back to the downside for 1.2499 support. In the […]
13/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6591; (P) 0.6608; (R1) 0.6620; More… Intraday bias in AUD/USD remains neutral for the moment. Further rally is in favor as long as 55 4H EMA (now at 0.6577) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will bring deeper fall […]
26/03/2024

EUR/AUD Daily Outlook

Daily Pivots: (S1) 1.6538; (P) 1.6569; (R1) 1.6602; More… Range trading continues in EUR/AUD and intraday bias remains neutral at this point. Near term outlook will stay cautiously bullish as long as 1.6439 support holds. On the upside, above 1.6677 will target 1.6742 first. Decisive break there will resume whole rise from 1.6127 and target […]