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Daily Pivots: (S1) 0.8780; (P) 0.8808; (R1) 0.8845; More… Intraday bias in USD/CHF stays on the upside for the moment. Current rise from 0.8374 should target 61.8% retracement of 0.9223 to 0.8374 at 0.8899. Sustained trading above there will pave the way towards 0.9223 high. On the downside, below 0.8773 support will turn intraday bias […]

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29/10/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3879; (P) 1.3893; (R1) 1.3905; More… Intraday bias in USD/CAD remains on the upside at this point. Rise from 1.3418 is in progress for retesting 1.3946/76 resistance zone. Decisive break there will confirm larger up trend resumption. On the downside, below 1.3837 minor support will turn intraday bias and bring consolidations first. […]
12/06/2024

EUR/USD Mid-Day Outlook

Daily Pivots: (S1) 1.0715; (P) 1.0745; (R1) 1.0769; More…. EUR/USD’s strong rebound and break of 55 4H EMA (now at 1.0812) argues that pull back form 1.0915 has completed at 1.0718. Intraday bias is back on the upside for 1.0915 resistance first. Firm break there will resume whole rise from 1.0601. On the downside, break […]
26/10/2024

GBP/USD Weekly Outlook

GBP/USD’s fall from 1.3433 extended to as low as 1.2906 last week, but formed a temporary low there and recovered. Initial bias remains neutral this week for consolidations. Further decline is expected as long as 1.3070 minor resistance holds. Below 1.2906 will target 61.8% retracement of 1.2298 to 1.3433 at 1.2732. However, considering bearish divergence […]