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USD/CAD’s up trend continued last week and there is no sign of topping. Initial bias stays on the upside this week for 1.4391 projection level next. Considering bearish divergence condition in 4H MACD, break of 1.4119 support will indicate short term topping and bring correction. In the bigger picture, up trend from 1.2005 (2021) is […]

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GBP/USD 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 […]
12/06/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8955; (P) 0.8974; (R1) 0.8996; More…. USD/CHF falls sharply after rejection by 0.8987 support turned resistance and 55 4H EMA. But it;s staying above 0.8880/3 support zone so far. Intraday bias remain neutral first. On the downside, sustained break of 0.8883 fibonacci level will carry larger bearish implications and bring deeper decline. […]
09/09/2024

USD/CHF Mid-Day Outlook

Daily Pivots: (S1) 0.8379; (P) 0.8428; (R1) 0.8480; More… Intraday bias in USD/CHF remains neutral and further decline is expected as long as 0.8536 resistance holds. Below 0.8374 will resume the fall from 0.9223 to retest 0.8332 low. Decisive break there will indicate larger down trend resumption. However, considering bullish convergence condition in 4H MACD, […]