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Daily Pivots: (S1) 0.8818; (P) 0.8836; (R1) 0.8852; More…. Intraday bias in USD/CHF stays mildly on the upside at this point. Consolidation from 0.8884 should have completed with three waves to 0.8728. Further rally should be seen to retest 0.8891 resistance first. Firm break there will resume whole rally from 0.8332. Next target is 61.8% […]

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20/05/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3594; (P) 1.3619; (R1) 1.3637; More… Intraday bias in USD/CAD remains neutral for the moment. 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) will argue that whole rise from […]
01/06/2024

EUR/GBP Weekly Outlook

EUR/GBP breached 0.8491 key support last week but quickly recovered. Initial bias stays neutral this week first. Further decline is expected as long as 55 D EMA (now at 0.8553) holds. Decisive break of 0.8491/7 will resume larger down trend to 0.8376 projection level next. However, sustained break of 55 D EMA will turn bias […]
03/03/2024

EUR/AUD Weekly Outlook

EUR/AUD’s rebound from 1.6127 resumed last week and edged higher to 1.6692, but retreated since then. Initial bias stays neutral this week first. Current development suggests that whole correction from 1.7062 should have completed with three waves down to 1.6127. Further rally is expected as long as 1.6450 support holds. Above 1.6692 will target 61.8% […]