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USD/CAD’s rise from 1.3176 resumed by breaking through 1.3845 resistance last week. Initial bias stays on the upside this week for 61.8% projection of 1.3176 to 1.3845 from 1.3588 at 1.4025 next. For now break of 1.3786 support is needed to indicate short term topping. Otherwise, outlook will remain bullish in case of retreat. In […]

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09/09/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.3078; (P) 1.3158; (R1) 1.3207; More… Intraday bias in GBP/USD remains neutral as consolidation from 1.3265 is still extending. Outlook will stay bullish as long as 1.3043 resistance turned support holds. On the upside, firm break of 1.3265 will resume larger up trend to 100% projection of 1.2298 to 1.3043 from 1.2664 […]
26/07/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6507; (P) 0.6545; (R1) 0.6576; More… A temporary low should be in place at 0.6513 with current recovery. Intraday bias is turned neutral for consolidations. Further decline is expected as long as 55 4H EMA (now at 0.6639) holds. Sustained break of 61.8% retracement of 0.6361 to 0.6798 at 0.6528 will pave […]
21/07/2024

USD/CHF Weekly Outlook

USD/CHF dipped to 0.8819 last week as fall from 0.9223 tried to resumed, but recovered since then. Initial bias remains neutral this week first. Further decline is in favor as long as 0.8914 support turned resistance holds. Break of 0.8819 will target 61.8% retracement of 0.8332 to 0.9223 at 0.8672 next. However, break of 0.8914 […]