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Daily Pivots: (S1) 1.3553; (P) 1.3568; (R1) 1.3591; More… No change in USD/CAD as consolidations continue below 1.3605 temporary top. Intraday bias stays neutral and further rally is expected as long as 1.3439 support holds. Break of 1.3605 will resume the rise from 1.3176 and target 100% projection of 1.3176 to 1.3540 from 1.3357 at […]

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01/06/2024

GBP/USD Weekly Outlook

GBP/USD edged higher to 1.2799 last week but turned sideway since then. Initial bias stays neutral this week and more range trading could be seen. Further rise is expected as long as 1.2670 support holds. Above 1.2799 will resume the rally from 1.2298 and target 1.2892 resistance. However, break of 1.2670 will indicate short term […]
24/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9722; (P) 0.9741; (R1) 0.9780; More… The strong break of 55 4H EMA suggest that EUR/CHF’s pull back from 0.9847 has completed at 0.9563 already. Intraday bias is back on the upside for retesting 0.9847 high. Decisive break there will resume larger rally from 0.9252. On the downside, below 0.9708 minor support […]
06/02/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2574; (P) 1.2673; (R1) 1.2732; More… Intraday bias in GBP/USD is back on the downside as the fall from 1.2826 resumes. Strong focus could be seen from 1.2499 structural support. Break of 1.2643 minor resistance will turn bias back to the upside for rebound. However, decisive break of 1.2499 will argue that […]