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Daily Pivots: (S1) 0.8758; (P) 0.8806; (R1) 0.8832; More… USD/CHF’ fall from 0.8956 resumed and the break of 0.8800 support suggests that deeper decline is underway. Intraday bias is back on the downside for 55 D EMA (now at 0.8738). Strong support could be seen there to bring rebound. Break of 0.8888 will bring retest […]

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07/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3643; (P) 1.3670; (R1) 1.3692; More… Intraday bias in USD/CAD stays neutral at this point. Further break of 1.3845 will resume larger rise from 1.3176 towards 1.3976 key resistance next. However, sustained trading below 55 D EMA (now at 1.3618) will argue that whole rise from 1.3176 has completed already, and target […]
19/03/2024

EUR/USD Daily Outlook

Daily Pivots: (S1) 1.0857; (P) 1.0881; (R1) 1.0897; More… Intraday bias in EUR/USD remains on the downside, as fall from 1.0980 short term top is in progress for 55 D EMA (now at 1.0856). Sustained break there will argue that rebound from 1.0694 has completed and bring retest of this low. For now, risk will […]
06/05/2024

GBP/USD Mid-Day Outlook

Daily Pivots: (S1) 1.2491; (P) 1.2564; (R1) 1.2619; More… Intraday bias in GBP/USD remains mildly on the upside at this point. Fall from 1.2892 could have completed with three waves down to 1.2298. Further rise should be seen and break of 61.8% projection of 1.2298 to 1.2568 from 1.2471 will target 100% projection at 1.2741. […]