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Daily Pivots: (S1) 1.3561; (P) 1.3576; (R1) 1.3599; More… Intraday bias in USD/CAD stays neutral at this point. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will […]

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GBP/JPY Daily Outlook

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11/05/2024

GBP/USD Weekly Outlook

GBP/USD dipped to 1.2445 last week but recovered since then. Initial bias remains neutral this week, and further rise is mildly in favor. On the upside, break of 1.2633 will resume the rally from 1.2298 to 1.2708 resistance next. However, firm break of 1.2445 will indicate that this rebound has completed, and revive near term […]
08/05/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6575; (P) 0.6610; (R1) 0.6632; More… Intraday bias in AUD/USD remains neutral and consolidations would continue below 0.6645. Further rise is in favor as long as 55 4H EMA (now at 0.6560) holds. Above 0.6645 will resume the rebound from 0.6361. On the downside, however, firm break of 55 4H EMA will […]
10/04/2024

EUR/CHF Daily Outlook

Daily Pivots: (S1) 0.9796; (P) 0.9817; (R1) 0.9830; More… Intraday bias in EUR/CHF remains neutral as consolidation from 0.9847 is extending. Near term outlook will stay bullish as long as 0.9709 support holds. Break of 0.9847 will resume larger rise from 0.9252. However, considering bearish divergence condition in 4H MACD, break of 0.9709 will confirm […]