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Daily Pivots: (S1) 0.8795; (P) 0.8819; (R1) 0.8862; More…. Intraday bias in USD/CHF remains mildly on the upside at this point. Consolidation from 0.8884 could have completed with three waves to 0.8728. Further rise should be seen to retest 0.8891 resistance first. Firm break there will resume whole rise from 0.8332. Next target is 61.8% […]

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28/12/2023

GBP/USD Daily Outlook

Daily Pivots: (S1) 1.2731; (P) 1.2767; (R1) 1.2835; More… GBP/USD’s rally from 1.2036 resumed by breaking through 1.2793 resistance. Intraday bias is back on the upside. Next target is 61.8% projection of 1.2068 to 1.2731 from 1.2499 at 1.2909. On the downside, below 1.2698 minor support will turn intraday bias neutral again. But further rally […]
27/03/2024

USD/CAD Daily Outlook

Daily Pivots: (S1) 1.3561; (P) 1.3576; (R1) 1.3599; More… Intraday bias in USD/CAD stays neutral at this point. On the upside, decisive break of 1.3612 resistance will resume whole rise from 1.3176 towards 1.3897 resistance. On the downside, firm break of 1.3419 support will argue that rebound from 1.3176 has completed. Near term outlook will […]
02/02/2024

GBP/JPY Daily Outlook

Daily Pivots: (S1) 185.74; (P) 186.68; (R1) 187.39; More… GBP/JPY’s break of 186.14 minor support confirms short term topping at 188.90. Intraday bias is back on the downside for deeper pull back to 55 D EMA (now at 184.89) and possibly below. On the upside, break of 187.60 minor resistance will argue that the pull […]