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Daily Pivots: (S1) 0.8665; (P) 0.8689; (R1) 0.8726; More…. USD/CHF is extending the consolidation pattern from 0.8629 for now, and intraday bias stays neutral. Outlook remains bearish with 0.8819 resistance intact. On the downside, break of 0.8629 will resume larger fall from 0.9243 to retest 0.8551 key support next. On the upside, however, firm break […]

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21/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3602; (P) 1.3618; (R1) 1.3641; More… USD/CAD is staying in consolidation above 1.3589 and intraday bias stays neutral. On the downside, break of 1.3589 will resume whole fall from 1.3845 and target 100% projection of 1.3845 to 1.3608 from 1.3761 at 1.3524. Also, sustained trading below 55 D EMA (now at 1.3628) […]
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 […]
13/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 188.21; (P) 188.54; (R1) 188.84; More… Intraday bias in GBP/JPY remains on the upside at this point. Decisive break of 188.90 resistance will confirm larger up trend resumption. Next near term target will be 61.8% projection of 178.71 to 188.90 from 185.21 at 191.50. For now, near term outlook will stay bullish […]