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Daily Pivots: (S1) 0.8763; (P) 0.8784; (R1) 0.8808; More… Intraday bias in USD/CHF stays mildly on the upside for the moment. Corrective fall from 0.8956 could have completed at 0.8735 after hitting 55 D EMA. Further rally is in favor to retest 0.8956 high first. However, considering head and shoulder top pattern, firm break of […]

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AUD/USD Daily Report

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21/10/2024

AUD/USD Daily Report

Daily Pivots: (S1) 0.6691; (P) 0.6706; (R1) 0.6720; More… AUD/USD is staying in range above 0.6657 temporary low and intraday bias remains neutral. More consolidations could be seen, but further decline is expected as long as 0.6758 resistance holds. Below 06657 will target 0.6621 first. Firm break there will confirm bearish reversal. However, break of […]
19/11/2024

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2629; (P) 1.2658; (R1) 1.2707; More… Intraday bias in GBP/USD is turned neutral as consolidation from 1.2596 extends. Outlook will stay bearish as long as 12.842 support turned resistance holds. Break of 1.2596 will resume the fall from 1.3433 to 100% projection of 1.3433 to 1.2842 to 1.3047 at 1.2456. In the […]
31/05/2024

USD/CHF Daily Outlook

Daily Pivots: (S1) 0.8995; (P) 0.9070; (R1) 0.9110; More…. Intraday bias in USD/CHF remains on the downside at this point. Fall from 0.9157 is seen as the third leg of the pattern from 0.9223. Deeper fall would be seen to 0.8987 support. Break will target 100% projection of 0.9223 to 0.8987 from 0.9157 at 0.8921. […]